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ASX slides; Mesoblast dives 45% on FDA order – The Sydney Morning Herald

The ASX200 dropped as much as 1.2% at Friday’s open, even after US stocks ended higher. Stimulus talks continue to frustrate markets.

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The council, which met on Tuesday, said much of its focus now was on how the financial system could aid the economy’s recovery.
It said ensuring credit flowed was important in boosting the economy, while noting much hinged on the health response of the coronavirus outbreak.
“Members agreed that demand for credit among small and medium-sized enterprises has been subdued and that improved confidence in the health and economic outlook will be critical to addressing this,” it said.
“There have al…

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