Asian stocks up after Fed boss calms nerves over rates | Malay Mail

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HONG KONG, May 13 — Asian equities were mostly up today following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment. World markets have been volatile for much of 2022, with investors...

HONG KONG, May 13 — Asian equities were mostly up today following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment.

But after Fed chief Jerome Powell on Thursday said the United States was not actively considering a steeper 75-basis-point move, markets experienced a bounce in Asia. After a bruising day on Wall Street -- with the Dow falling for the sixth straight session -- Asian equities were higher Friday. Japan and Hong Kong closed with a two percent bump.

 

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