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Asian update: Kiwi crushed and Korea cuts

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Jeff Halley from Saxo Bank in Singapore updates us on a busy day for Asia markets. Equities saw positive action across the board with most stock markets ending the day up. The big story in forex was the surprise rate cut from the RBNZ which saw the Kiwi crushed, dropping by up to 3% against the USD. 

Jobs data in Australia recorded an unexpected bounce in employment with 42,000 jobs added against 12,000 expected.

The South Korean central bank also cut rates as the MERS virus outbreak continues to pose a risk to economic activity.