Reported 2 months ago
Asian markets are expected to face declines on Monday as worries surrounding a potential deeper economic slowdown in the US heighten, especially following a significant drop on Wall Street and Berkshire Hathaway's decision to reduce its stake in Apple. Rising oil prices amidst Middle Eastern tensions add further volatility. Recent US employment data shows a rise in the jobless rate, prompting speculation about potential Federal Reserve rate cuts. As international investors prepare for a tumultuous second half of the year, analysts caution against prematurely buying the dip in stocks.
Source: YAHOO