Tech drags Hong Kong stocks, dollar squeezed as US inflation slows

  • 📰 Reuters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Asian stocks struggled on Thursday, dragged by selling in Hong Kong tech shares, while the dollar was under pressure and short-dated bonds were firm as softening U.S. inflation seemed to suggest the U.S. rate hike cycle was nearing its end.

U.S. consumer prices

Minutes from the Federal Reserve's March meeting also showed some policymakers considered pausing hikes, before agreeing to last month's 25 basis point rise, with concerns centering on whether bank wobbles would cause a broader tightening in credit. "But the jury is still out on whether it still has a meaningful impact on U.S. growth. That part of the equation is still being worked out. It could slow down further dollar weakness."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong finance official to make first visit to Britain in three yearsA top financial official from Hong Kong is set to visit Britain in April in the first ministerial-level visit by an official of the Chinese-ruled territory in more than three years, the government said on Tuesday. Poop ❤️
Source: Reuters - 🏆 2. / 97 Read more »