Stocks wobble on Walmart warning, looming Fed hike

HONG KONG : Asian shares wobbled on Tuesday and bonds were firm as a profit warning from Walmart put consumption and company earnings under a cloud ahead of what is likely to be another sharp U.S. interest rate hike.

Investors are also awaiting a likely 75 basis point Federal Reserve interest rate increase later this week - with markets pricing about a 10 per cent risk of a larger hike, as well as waiting to see whether economic warning signs prompt a shift in rhetoric. Chinese stocks managed small gains, with Hong Kong's Hang Seng Index up 0.4 per cent and China's benchmark CSI300 Index up 0.3 per cent in early trade.

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Stocks slip as growth risks sap confidence; bonds, dollar in demandTOKYO : Asian stocks lost ground on Monday, retreating from over three-week highs as worries about a global economic downturn sapped investors' risk appetite.Bond yields eased amid bets that a U.S. recession would slow the Federal Reserve's aggressive tightening campaign, with markets looking for policy c
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »