Stocks struggle as China rate cut hits oil

By Huw Jones
Updated August 15 2022 - 6:28pm, first published 6:27pm
The MSCI all-country index has whittled away its decline for the year to about 13 per cent. (AP PHOTO)
The MSCI all-country index has whittled away its decline for the year to about 13 per cent. (AP PHOTO)

Global shares have struggled to advance while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second-largest economy, sending oil prices nearly two per cent lower.

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