HONG KONG, May 13 — Asian equities were mostly up today following a tumultuous trading period on Wall Street, but analysts said the outlook remained bleak as inflation, the Ukraine war and Chinese lockdowns weigh on sentiment.
But after Fed chief Jerome Powell on Thursday said the United States was not actively considering a steeper 75-basis-point move, markets experienced a bounce in Asia. After a bruising day on Wall Street -- with the Dow falling for the sixth straight session -- Asian equities were higher Friday. Japan and Hong Kong closed with a two percent bump.
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Asian stocks mixed, Europe opens higher as investors fret over inflation | Malay MailHONG KONG, May 11 — Asian stocks were mixed today, following a volatile day on Wall Street with investors concerned about surging inflation and see-sawing crude prices. Equities have been on a roller-coaster ride in recent weeks, fuelled by worries about inflation, the Russian invasion of...
Source: malaymail - 🏆 1. / 86 Read more »
Asian stocks mixed, Europe opens higher as investors fret over inflation | Malay MailHONG KONG, May 11 — Asian stocks were mixed today, following a volatile day on Wall Street with investors concerned about surging inflation and see-sawing crude prices. Equities have been on a roller-coaster ride in recent weeks, fuelled by worries about inflation, the Russian invasion of...
Source: malaymail - 🏆 1. / 86 Read more »