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Asian Stock Market: Bears cheer Fed Chair Powell’s rate signals, strong yields

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Asian Stock Market: Bears cheer Fed Chair Powell’s rate signals, strong yields – by anilpanchal7 Asia Fed BOJ China Equities

Fed Chair Powell renews 50 bps rate hike concerns, widens yield curve inversion the most since 1981.

That said, MSCI’s index of Asia-Pacific shares outside Japan drops 1.75% intraday but Japan’s Nikkei 225 gained half a percent by the press time of early Wednesday morning in Europe. whereas New Zealand’s NZX 50 traces its Aussie counterpart by marking the 0.75% intraday loss amid the broadly sour sentiment.

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