News Formal

Asian Stocks Tumble, Currencies Weaken on Fed's Hawkish Shift

  • 📰 staronline
  • ⏱ Reading Time:
  • 14 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 75%

Business Nouvelles

Finance,Markets,Federalreserve

Emerging Asian stocks sank to multi-month lows and currencies weakened against a surging dollar on Thursday after the U.S. Federal Reserve signaled a slower pace of rate cuts in the coming year. The Fed's hawkish tilt, despite a widely anticipated rate cut, spurred traders to cut back expectations for further easing and propelled the dollar to a near two-year high. The MSCI index of international emerging markets equities declined as much as 1.6%, while MSCI's emerging markets currency index fell 0.5% to its lowest level in over four months. Several Asian currencies, including the South Korean won, Indian rupee, Malaysian ringgit, and Indonesian rupiah, experienced significant drops against the dollar. Central banks in Indonesia, Thailand, and India took steps to stabilize their respective currencies.

Emerging Asian stocks tumbled to multi-month lows on Thursday while currencies weakened against a strong dollar, as risk aversion prevailed after the U.S. Federal Reserve signalled a slower pace of rate cuts in the coming year.

The hawkish tilt from the Fed sent traders heavily dialling back easing expectations next year and pushed the dollar to a near two-year peak. The Indian rupee declined past 85 to the U.S. dollar for the first time, while the Malaysian ringgit retreated 0.8%.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Asian markets mixed ahead of US Fed news, Nissan soars on merger reportsHONG KONG, Dec 18 — Asian markets swung today ahead of the Federal Reserve’s much-anticipated policy announcement, while shares in Japanese car titan Nissan soared more than 20...
La source: malaymail - 🏆 1. / 86 Lire la suite »

Asian Stocks Fall as Fed Signals Slower Rate Cuts, Yen Dips After BOJ Keeps Rates SteadyThe U.S. Federal Reserve's hawkish shift, signaling a slower pace of rate cuts next year, triggered a decline in Asian stocks and a strengthening of the dollar. The Bank of Japan's decision to maintain interest rates also pushed the yen lower.
La source: staronline - 🏆 4. / 75 Lire la suite »