Hong Kong — Asian shares slid sharply on Tuesday after Wall Street hit a confirmed bear market milestone and treasury yields struck their highest in more than a decade on fears aggressive interest rate hikes would push the world’s largest economy into recession.
The negative tone in Asia follows a bleak US session on Monday, which saw Goldman Sachs forecast a 75 basis point interest rate hike at the Federal Reserve’s next policy meeting on Wednesday. “The US market is the biggest in the world so when it catches a cold the rest of the world does as well,” said Clara Cheong, global market strategist at JP Morgan Asset Management.
On Wall Street overnight, fears of a US recession kicked the S&P 500 down 3.88%, while the Nasdaq Composite lost 4.68%. The Dow Jones industrial average fell 2.8%. The yield on benchmark 10-year treasury notes rose to 3.3466% compared with its US close of 3.371% on Monday. The two-year yield, which rises with traders’ expectations of higher Fed fund rates, touched 3.3804% compared with a US close of 3.281%.
As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Asian stocks slump as traders fret about Fed policy after US CPIInvestors are concerned the US Federal Reserve will adopt even more aggressive Federal Reserve policy tightening
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »
출처: TheCitizen_News - 🏆 6. / 75 더 많은 것을 읽으십시오 »
출처: TheSAnews - 🏆 25. / 59 더 많은 것을 읽으십시오 »