Asia Markets: Asian markets rise as traders await more stimulus by China [MarketWatch]
GEELY AUTOMBL HL UNSP/ADR (GELYY)
NASDAQ:AMEX Investor Relations:
geelyauto.com.hk/en/announcement.html
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Source: MarketWatch
Asian markets rise as traders await more stimulus by China Asian markets rose in early trading Tuesday as investors weighed the latest developments in the coronavirus outbreak and waited for an expected new round of economic stimulus measures by China. The death toll in China rose to more than 1,000 on Tuesday, with more than 42,000 people infected. The growing number of fatalities — Tuesday was the first day China reported more than 100 dead in a single day — is causing worries that the outbreak has yet to peak. China’s President Xi Jinping offered reassurance in a TV appearance, thanking health workers and saying: “The fundamentals of China’s long-term economic development remain unchanged and the impact of the novel coronavirus epidemic on the economy is short-lived,” the Associated Press reported . Experts were optimistic that China’s central bank would deliver further stimulus to boost the economy. “For the [People’s Bank of China], the most critical task at hand is to step up th
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