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Asia Stocks Fall on Powell Remarks; Dollar Gains: Markets Wrap
Stocks in Asia opened lower on Thursday as U.S. equities fell after the Federal Reserve pushed back on market expectations that its next move would be a rate cut. Sydney and Seoul shares fell, while futures in Hong Kong were little changed. The Fed’s decision to hold rates steady and Chairman Jerome Powell’s subsequent comments the central bank has no bias to either tighten or ease policy -- noting that weak inflation readings may be “transitory” -- sparked a modest repricing of assets from the dollar to bonds and equities.
https://finance.yahoo.com/news/asia-stocks-fall-fed-remarks-215448947.html?.tsrc=rss
Stocks in Asia opened lower on Thursday as U.S. equities fell after the Federal Reserve pushed back on market expectations that its next move would be a rate cut. Sydney and Seoul shares fell, while futures in Hong Kong were little changed. The Fed’s decision to hold rates steady and Chairman Jerome Powell’s subsequent comments the central bank has no bias to either tighten or ease policy -- noting that weak inflation readings may be “transitory” -- sparked a modest repricing of assets from the dollar to bonds and equities.
https://finance.yahoo.com/news/asia-stocks-fall-fed-remarks-215448947.html?.tsrc=rss
