Asia shares jump as China cuts key lending rate; STI up 1.2%

May 20, 2022 10:57 AM

SHANGHAI (REUTERS) – Asian shares jumped in early trade on Friday (May 20) after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained set for its longest weekly losing streak on record amid investor worries about sluggish growth.

Source : https://www.straitstimes.com/business/companies-markets/asia-shares-jump-as-china-cuts-key-lending-rate-sti-up-12