MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6% in early Asia trade, driven by Chinese tech shares listed in Hong Kong that surged 1.3%.That helped the Asian index eke out a 0.4% gain for the week.
“So it is a fair bet that the Powell speech will take a similar turn today,” said Robert Carnell, regional head of Research, Asia-Pacific, at ING. “Markets have however largely taken this on board, which risks a small, short-lived ‘buy the rumour, sell the fact’ technical bond rally, sell the USD, and relief equity trade.”The commodity-exposed Australian and New Zealand dollars fell 0.4% versus the greenback after a strong rebound in the previous day.
The Fed is DONE! Central Banks .. 🍿💥
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Asian stocks slip, dollar strengthens on Fed’s hawkish stanceMSCI’s index of Asian shares outside Japan fell 0.2%, on track for the index’s eight successive daily drop
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