TOKYO : Asia-Pacific stock markets fell on Thursday, extending a decline in global equities, after the U.S. Federal Reserve confirmed its hawkish stance, while an escalating trade battle between China and the United States also dampened sentiment.
U.S. E-mini stock futures pointed to a 0.1 per cent lower restart for the S&P 500, following its overnight 0.2 per cent decline. "Sentiment has soured for equity bulls as Sino-U.S. relations take another step backwards and investors adjusted to the fact that the Fed remains more hawkish than hoped," said Matt Simpson, a market analyst at City Index.
Against the yen, though, the dollar's advances were conspicuously subdued, considering the currency pair's traditional close relationship with long-term U.S. yields.
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