Asia stocks slide as Fed rate concerns grow

📆 10/02/2023 3:21 a. m.
📰 BDliveSA

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 63%

Colombia Noticias Noticias

Asia-Pacific stocks head for second weekly loss as dollar gains ground

A person riding an escalator is reflected at the SGX headquarters in Singapore, on February 7 2023. Picture: Nicky Loh/Bloomberg

MSCI’s broadest index of Asia-Pacific shares sank 0.54% and was on course for a 1% weekly decline, after losing 1.16% in the previous week. “Powell maintained a relatively dovish tone, and markets took that as a green light to rally, but pretty much 24 hours later we got a stream of extremely hawkish Fed speak,” said Tony Sycamore, a strategist at IG.

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

International Finance: Asia stocks follow US shares higher, dollar steady: markets wrapStocks in Asia edged higher on Wednesday following a late rally in US shares in a volatile session after Federal Reserve chair Jerome Powell rebuffed an opportunity to tamp down investor optimism.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »

Business Maverick: Asian equities headed lower, stung by Fed hawks: markets wrapStocks in Asia edged lower on Thursday as hawkish comments from Federal Reserve officials prompted investors to rethink expectations about US peak rates.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »