Business
Asian markets struggled again Friday following another selloff on Wall Street fuelled by recession fears.
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Asian markets struggled again Friday following another selloff on Wall Street fuelled by recession fears.
Asian markets mostly fell Tuesday as investors struggled to maintain a recent rally while weighing central banks' inflation-fighting rate hikes.
Asian markets rallied again Monday, building on last week's advances and following a strong performance on Wall Street.
The losses come after a sell-off last week fuelled by the Federal Reserve's sharp interest rate hike last week.
New York equities ended a rocky week mostly higher on Friday but lower for the week amid worsening fears of recession.
Asian markets rose Thursday as traders cheered a sharp Fed interest rate hike that signalled it is intent on driving inflation down.
…And a whimpering was heard among the plutocratic
Fresh Covid outbreaks in Shanghai and Beijing have also seen authorities reimpose containment measures soon after lifting them.
Asian markets rallied Wednesday, building on a hearty performance on Wall Street and helped by the reopening in China.
A spike in US Treasury yields took the wind out of the sales for Wall Street.