Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China's economic slowdown and the war in Ukraine.
The losses globally capped a volatile week, though markets were briefly lifted due to temporary relief after the Federal Reserve hiked borrowing costs 50 basis points -- the most since 2000. The United States' fierce monetary tightening -- combined with the news of more restrictions in China -- has continued to send traders running for the hills.
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Asian stocks follow Wall St futures lowerSYDNEY : Asian markets got off to a shaky start on Monday as U.S. stock futures took an early skid on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession.'A series of rate hikes and hawkish communication came against a backdrop of plumm
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian stocks follow Wall St futures lowerSYDNEY : Asian markets got off to a shaky start on Monday as U.S. stock futures took an early skid on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession.'A series of rate hikes and hawkish communication came against a backdrop of plumm
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »