Asian share markets slipped on Thursday after minutes from the Federal Reserve's early May meeting showed a majority backing half-percentage-point rate hikes in June and July, and as persistent concerns over global growth sapped confidence.
While the minutes also highlighted policymakers' faith in the strength of the U.S. economy, helping lift the mood on Wall Street overnight, sentiment in equity markets remains fragile after weeks of volatile trade as more global central banks continue on the path of tightening.
"I don't think the global economy is at the risk of a slowdown, I think we are slowing down. And for that reason, the potential for good investments right now is predominately on the short side," Barbara Ann Bernard, CIO of Wincrest Capital, a global long/short equity strategy hedge fund, told the Reuters Global Markets Forum.South Korea's central bank on Thursday raised interest rates for a second consecutive meeting as it grapples with consumer inflation at 13-year highs.
Lingering investor concern over those factors dragged MSCI's broadest index of Asia-Pacific shares outside Japan
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/USD buyers attack 0.7100 amid sluggish Asian session, second-tier Aussie data eyedAUD/USD buyers attack 0.7100 amid sluggish Asian session, second-tier Aussie data eyed By anilpanchal7 AUDUSD RiskAppetite Fed Currencies Inflation
Read more »
Asian-Inspired Chicken Meatballs Recipe — Eat This Not ThatSay goodbye to ground beef and spaghetti! Our Asian-inspired chicken meatballs recipe features the leaner meat, lettuce wraps, and plenty of spice.
Read more »
Asian markets rise modestly as Wall Street sinks furtherAsian stock markets were mixed Wednesday after Wall Street sank on weak U.S. housing sales and a profit warning by a prominent social media brand.
Read more »
Bella Poarch's Latest Red Carpet Look Featured All Asian DesignersWhile getting ready for and arriving at the 2022 Gold Gala, the “Build a B*tch” singer took NYLON behind the scenes.
Read more »
San Antonio’s Cherrity Bar hosting inaugural Sunset Series dinner celebrating Asian night marketsThe event aims to honor Asian American and Pacific Islander Heritage Month by showcasing food from SA chefs. SanAntonio SATX SanAntonioTX SanAntonioFood SanAntonioRestaurants ThingsToDoInSanAntonio AAPIHeritageMonth
Read more »