Reported about 10 hours ago
Bond yields rose following Federal Reserve Chair Jerome Powell's indication that there would be no rush to cut interest rates further, while Hong Kong stocks gained due to advances in tech companies like Alibaba and BYD. Investors are cautious ahead of key US CPI data, and concerns over potential tariffs on Japan add to the tension in currency markets. The Fed's patient approach is reflective of a strong economy, and analysts anticipate only one rate cut this year as the market adjusts to recent job growth and inflation metrics.
Source: YAHOO