News Formal

Asian stocks reach two-year low, dollar bites yen and pound

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.87%, while the Nikkei share average fell 0.18%

Singapore — Asian stocks wallowed at two-year lows on Wednesday, after a strengthening dollar, instability in the UK bond market and upcoming US inflation data spelt a wild session on Wall Street and further volatility for investors.

“In the UK situation, they have inflation which is high, and under the Kwarteng fiscal-policy package, they were actually going to drive that even higher,” said Damien Boey, chief macro strategist at Barrenjoey in Sydney. “So, you’re actually forcing the [BOE] to do more work than it needs to — the risk premium in the gilts market goes up quite a lot.”

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.87%, while Seoul’s Kospi index fell 0.41% and Australia’s resources-heavy index was up 0.05%.The British financial turmoil combined with a burst of US dollar strength sent the sterling to a two-week low of 1.0949, while the risk-sensitive Australian dollar fell to $0.6247, the lowest since April 2020.The International Monetary Fund cut its 2023 global growth forecast from 2.9% to 2.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

International Finance: Stocks, treasuries fall as inflation angst rises: markets wrapTechnology companies led stocks lower in Asia amid concern that rising interest rates and geopolitical threats will crimp economic growth.
ソース: dailymaverick - 🏆 3. / 84 続きを読む »