Business & Finance
Asian Stocks, Bonds to Drop as Fed Hike Bets Mount: Markets Wrap
Key Points
Asian Stocks, Bonds to Drop as Fed Hike Bets Mount: Markets Wrap Asian stocks and bonds were poised to fall after hotter-than-expected US inflation drove losses on Wall Street and fueled bets that the Federal Reserve may hike interest rates more aggressively to tame prices. Equity-index futures for South Korea, Japan, Hong Kong and Australia pointed to losses. Benchmark government bonds in Australia and New Zealand fell in early trading on Wednesday.
Asian Stocks, Bonds to Drop as Fed Hike Bets Mount: Markets Wrap
Asian stocks and bonds were poised to fall after hotter-than-expected US inflation drove losses on Wall Street and fueled bets that the Federal Reserve may hike interest rates more aggressively to tame prices.
Equity-index futures for South Korea, Japan, Hong Kong and Australia pointed to losses. Benchmark government bonds in Australia and New Zealand fell in early trading on Wednesday. The S&P 500 halted back-to-back gains, while the tech-heavy Nasdaq 100 fell 0.6%. The dollar rose and gold tumbled.