ASIAN EQUITIES DROPPED AFTER FED’S REMARKS ON INTEREST RATES.

 


According to the US Federal Reserve authorities they stated that to restrain interest inflation high interest rates will remain for a certain period and on Monday Asian shares dropped.
According to the report it states that Asia’s Decline is correlated with Wall Street Decline, By the end of the week Dow Jones experienced a average loose of more than 1000 points. A decline in US is hampering the Asia’s Export Reliant Economies. Oil Prices are increasing day by day.
Readmore.: https://industryglobalnews24.com/asian-equities-dropped-after-fed-s-remarks-on-interest-rates

Actually, the market was seeking for something a bit more unbiased. Clifford Bennett "ACY Securities' chief economist, , stated that After all the discussion of a "pause" and "pivot," none of which really made sense given that the Fed has repeatedly stated that it will keep raising rates even if it causes some economic pain, we are back to square one with a Fed view to resume tightening.
The fed always wanted to increase the rates quickly `but the markets choice to increase the price slowly and reversal.
According to the Market strategist Yeap Jun Rong"the risk-off mentality is acting out in the Asia's session today as well, as pessimistic views follow through with the sell-off in Wall Street to conclude last week while U.S. futures continue to promise little relief into the new week."
According to the report In currency trading the US dollar has increased to 138.80,Japanese Yen to 137.75 yen. But the euro value barely increased to 99cents.

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