Hong Kong — Asian shares slid sharply on Tuesday after Wall Street hit a confirmed bear market milestone and treasury yields struck their highest in more than a decade on fears aggressive interest rate hikes would push the world’s largest economy into recession.
The negative tone in Asia follows a bleak US session on Monday, which saw Goldman Sachs forecast a 75 basis point interest rate hike at the Federal Reserve’s next policy meeting on Wednesday. “The US market is the biggest in the world so when it catches a cold the rest of the world does as well,” said Clara Cheong, global market strategist at JP Morgan Asset Management.
On Wall Street overnight, fears of a US recession kicked the S&P 500 down 3.88%, while the Nasdaq Composite lost 4.68%. The Dow Jones industrial average fell 2.8%. The yield on benchmark 10-year treasury notes rose to 3.3466% compared with its US close of 3.371% on Monday. The two-year yield, which rises with traders’ expectations of higher Fed fund rates, touched 3.3804% compared with a US close of 3.281%.
As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo.
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้
Asian stocks slump as traders fret about Fed policy after US CPIInvestors are concerned the US Federal Reserve will adopt even more aggressive Federal Reserve policy tightening
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »
แหล่ง: TheCitizen_News - 🏆 6. / 75 อ่านเพิ่มเติม »
แหล่ง: TheSAnews - 🏆 25. / 59 อ่านเพิ่มเติม »