The Traderszone Network

Published in TZ Latest News 25 August, 2015 by The TZ Newswire Staff

Asian shares wobble as China rate cut fails to calm nerves

Asian shares struggled on Wednesday as investors feared fresh rate cuts in China would not be enough to stabilize its slowing economy or halt a stock collapse that is wreaking havoc in global markets. China’s key share indexes attempted to move higher several times in morning trade only to be slapped back by waves of selling, reflecting investors’ views that much more support was needed from the government and the central bank.

read more