Reported about 7 hours ago
Asian stocks opened lower following a significant selloff in the US markets, driven by President Trump's harsh criticism of Federal Reserve Chair Jerome Powell and concerns over the Fed's independence. While US equity futures showed slight improvements, fears of inflation and recession loom as Trump suggests preemptive interest rate cuts amid rising tariffs. Financial analysts warn that Trump’s aggressive policies may disrupt the global economic order, leading to increased volatility in US markets.
Source: YAHOO