Reported 3 days ago
Asian stocks fell sharply following signals from the U.S. Federal Reserve about a slower pace of rate cuts, which caused U.S. markets to decline significantly. The Dow Jones dropped over 1,000 points, influencing Asian markets like Japan's Nikkei and Australia's shares. The dollar reached a two-year high as traders adjusted their expectations for future rate cuts, particularly ahead of the Bank of Japan's policy decision, where speculation surrounds potential rate hikes amid a weakening yen.
Source: YAHOO