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Asian markets extend losses as US rate hike fears build

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Stocks sank again Friday after another report pointing to a resilient US jobs market added to the misery for investors who fear the Federal Reserve is not finished with its campaign of monetary tightening. Therefore, it would be wise for the Fed to tighten its monetary policy more instead of less, or at least keep the screws tighter for longer.'

Those worries were compounded Thursday by news that jobs claims came in below forecasts last week.

"As a result, the Fed's choices in risk management will play a significant role in determining the economy's ultimate trajectory.

 

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