Shares struggled to gain traction as new data showed that China and Hong Kong came to a virtual economic standstill in February
Fears of a coronavirus-driven global economic slowdown have mounted after stock markets gave a lukewarm reaction to the emergency cut in US interest rates and new data showed that China and Hong Kong came to a virtual standstill in February.
As the World Health Organization warned that panic buying and market manipulation was “rapidly depleting” supplies of protective equipment, world leaders and central banks continued their scramble to cushion the economic impact of the outbreak.
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