Reported 2 months ago
Asian markets are bracing for losses as fears of a prolonged US economic slowdown increase, with traders worried about the Federal Reserve's response to rising jobless rates and weak payroll data. The situation is exacerbated by geopolitical tensions in the Middle East and a significant drop in Berkshire Hathaway's stake in Apple, signaling investor concern over the global consumer landscape. Analysts predict further declines in shares, indicating that it may be premature to buy into the market.
Source: YAHOO