Reported about 2 months ago
Asian stocks experienced a decline, ending a three-day winning streak, primarily due to a drop in Chinese tech stocks. The downturn came as investors became cautious before Federal Reserve Chair Jerome Powell's upcoming speech. Notably, shares of JD.com fell significantly following reports of Walmart's planned stake sale. As the markets await further cues on interest rates, analysts suggest a temporary pause in the recent risk rally.
Source: YAHOO