Markets in Asia and the US show opposite dynamics

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On Thursday, May 19, American stock exchanges closed in the red. In Asia, on the contrary, the steady growth of key indices.

The results of trading on Thursday did not please the American market. By the time of the close, all key indices were in the red zone, having lost from 0.5% to 0.75%. Shares of the largest manufacturer of network equipment Cisco lost 14% after the publication of a report with a pessimistic outlook. According to experts, until inflation starts to slow down, the market will be subject to high volatility. This situation may continue until autumn.

Markets in the Asia-Pacific region closed in the green on Thursday. The Hong Kong index showed the maximum growth. It grew by 2.6%. A positive result on all stock markets in the region was the news of a record reduction in lending rates in China to 4.45% per annum. The Chinese authorities made this decision in order to support the economy weakened by the coronavirus.

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