Global Stocks Mixed As China Takes More Economic Measures To Tackle Coronavirus Outbreak

The People's Bank of China cut the benchmark on-year loan prime rate by 10 points to 4.05% in line with market expectations, CNBC reported. The move saw the stock markets surge in mainland China. Shanghai Composite index traded 1.84% higher at 3,030.15 and Shenzhen Component was up 2.43% at 11,509.09.