Market views: What to buy and avoid amid rate cut wave

Global central banks are scrambling to counter a major market downturn induced by the coronavirus outbreak by cutting already-low interest rates, with several moves this week, and more anticipated. Most notably, the US Federal Reserve shaved off a larger-than-expected 50 basis points on March 3 to bring the federal funds rate range to between 1.0% and 1.25%. On the same day, the Reserve Bank Australia's 25bp reduction took it to a new record low of 0.5%, while Bank Negara Malaysia…