Reported 1 day ago
Asian stocks saw a drop on Wednesday, with the dollar gaining strength amidst expectations of a slow Federal Reserve response to interest rate cuts, following stable economic data from the U.S. The MSCI Asia-Pacific index fell by 0.5%, reflecting a gloomy market sentiment that is likely to extend into Europe. Concerns over inflation and bond yield increases continue to affect tech stocks, while the yen and yuan hit multi-month lows as traders react to shifting monetary policies between the U.S. and other economies.
Source: YAHOO