China stimulus easing fears coronavirus could hurt global growth

Wed, 05 Feb 2020

A lift on Wall Street may set the tone for Asia after hefty stimulus from China’s central bank helped ease fears about the economic impact of the coronavirusThe People's Bank of China injected US$242.7 billion into the financial system via reverse repos on Monday and Tuesday spurring a rally in the Nasdaq, S&P 500 and Dow Jones Industrial Average, with all three up more than 1.5 percent.European share markets also lifted as upbeat earnings updates from BP and Glencore along with China's moves to support its markets lifted sentiment. Germany...

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