Asian shares mostly rise as Fed eases market concerns

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

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Asian shares perk up and USD falls to two-week lows in Asian trade after Fed says it is no hurry to lift interest rates

An investor watches a board showing stock information at a brokerage office in Beijing, China October 8, 2018.

Hong Kong rose 0.32 percent, Australia 0.2 percent and Korea 0.25 percent but Chinese blue chips bucked the trend, falling 0.26 percent. There are also signs that Chinese growth is slowing and so traders are closely watching purchasing manager surveys for manufacturing and services, which are both due this week.

However, in his prepared remarks, Powell offered no indication on cutting asset purchases beyond saying it could be "this year". The dollar index which measures the greenback against a basket of currencies was fairly steady at a two-week low, having fallen 0.4 percent after Powell's remarks. Investors in China, in contrast, are watching data this week to see whether they indicate policymakers are more likely to step up easing measures.Focus on oil prices

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines