HONG KONG, Aug 17 — Asian stocks joined a global sell-off Thursday on fresh worries the Federal Reserve will hike interest rates again, while China’s economic woes continued to shred traders’ nerves.
And there also remains debate inside the Fed about the next move, with officials giving sharply differing views, though the bank has said it will make decisions based on incoming data. “The Fed has no choice but to keep it up until they are convinced that inflationary expectations are quashed,” said Steve Sosnick of Interactive Brokers.
And bets on further hikes pushed the dollar higher against its peers, including an eight-month high versus the yen, raising the prospect of Japanese authorities intervening to support their currency.
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Malaysia's HealthMetrics makes strategic investment into Indonesia's Across Asia AssistAAA Indonesia, a leading third-party administrator in Indonesia with regional presence Investment to spur corporate membership growth to over 2 mil members & policy holders Healthcare technology company, HealthMetrics Sdn Bhd, announced last week a strategic investment in PT. AA International Indonesia, for an undisclosed sum. Founded in 2007, PT.AA International Indonesia, operates Across Asia Assist (AAA) Indonesia, a leading third-party administrator (TPA) and international medical assistance company with presence in Indonesia, Malaysia, Singapore, Hong Kong and Taiwan.
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