Asian stocks slip while dollar index hits highest level since mid-2020

A man wearing a protective face mask talks on his cellphone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan. Picture: REUTERS/ATHIT PERAWONGMETHA

In morning trade in Asia, Japan's Nikkei shed nearly 2.0%, while South Korean shares fell 0.9% and Australian shares lost 0.75%.Hong Kong's Hang Seng index was down 1.3%, moving away from a one-month high hit on Monday. Shanghai lost 0.1% as markets in mainland China reopened after two days of public holidays.

“It's now considered an 80% chance the Fed will take that course,” said Kyle Rodda, a market analyst at IG in Melbourne. Investors hadn't fully priced in such a move, so greater evidence for it may move markets, Rodda added.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Asian Stocks Boosted by Hong Kong; Treasuries Drop: Markets WrapStocks got a boost on Monday from a rally in Hong Kong spurred by China’s move to ease a dispute with the US over audits. Treasuries fell on the prospect of sharp Federal Reserve interest-rate hikes to fight inflation.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Asian Stocks Boosted by Hong Kong; Treasuries Drop: Markets WrapStocks got a boost on Monday from a rally in Hong Kong spurred by China’s move to ease a dispute with the US over audits. Treasuries fell on the prospect of sharp Federal Reserve interest-rate hikes to fight inflation.
Source: dailymaverick - 🏆 3. / 84 Read more »

MARKET WRAP: Russia and US economy pull JSE lowerBanking stocks hit hardest as Deutsche warns of recession in wake of sustained rate hikes by the Federal Reserve
Source: BDliveSA - 🏆 12. / 63 Read more »