Asian stocks are down Wednesday following losses on Wall Street fuelled by fears of banking sector turmoil and jitters over interest rates. – AFP pic, May 3, 2023.
ASIAN stocks were down today following losses on Wall Street fuelled by fears of banking sector turmoil and jitters over interest rates. Sydney was more than 1% down in morning trade after the Australian central bank hiked interest rates there to an 11-year high – a surprise move that dashed hopes it would hold rates steady as inflation showed signs of slowing.
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