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Transcripts For BBCNEWS Asia Business Report 20200304

Well be back with their special coverage of super tuesday at the top of the hour. Now on bbc news live to singapore for Asia Business report. Americas central bank makes the biggest rate cut since the financial crisis. The us shares tumble on the surprise move. And a 10 billion industry under threat as a travel ban it means Chinese Students are not able to return to australia to continue with a university classes. Lets begin with hong kong, and the cost of borrowing by half a percentage point to one and a half percent. Following on from what the Us Federal Reserve did overnight. The main aim is to help ease the adverse impact on the coronavirus. Hong Kong Monetary Authority say that there is still little uncertainty in the ever looming of the epidemic and the in texas open black and the hong kong dollar is packed. They didnt have much of a choice. But it is highly unusual for the bank to cut and outline their needs. Just a emergency moose of the financial crisis of 2008. That is raised

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