Asian Stock Market: Bears cheer Fed Chair Powell’s rate signals, strong yields

Fed Chair Powell renews 50 bps rate hike concerns, widens yield curve inversion the most since 1981.

That said, MSCI’s index of Asia-Pacific shares outside Japan drops 1.75% intraday but Japan’s Nikkei 225 gained half a percent by the press time of early Wednesday morning in Europe. whereas New Zealand’s NZX 50 traces its Aussie counterpart by marking the 0.75% intraday loss amid the broadly sour sentiment.

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