Asian share markets and US futures fell on Friday, after US stocks took a knock overnight, hurt by lingering concerns over the Federal Reserve’s tightening and weaker-than-expected economic and earnings data.
“But there are pockets of optimism like China’s more accommodating moves on monetary policy,” he said. The moves extended to Chinese shares with the Hong Kong benchmark losing 0.24% after posting its best day in six months the day before and Chinese blue chips losing 0.5% also after gains the day before.
China’s moves were “a very encouraging sign” but the Fed’s actions could add near-term market volatility, he said.
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