Asian markets up after China cuts key interest rate
Hong Kong (AFP) May 20, 2022
Asian markets saw a sustained bump Friday following China's decision to lower a key benchmark rate, injecting optimism among traders that it could boost the world's second-largest economy from its Covid-battered knees. Downcast earning reports from retailers this week have heightened uncertainty in the world markets at a time of rising interest rates, surging energy prices, China's Covid loc