Market Views: How will rising interest rates affect Asian capital markets?
Concerns remain on whether interest rate hikes by the Fed will be able to slow economic activity and tame inflation — or push the US economy into recession, triggering major uncertainties for Asian capital markets.
The US Federal Reserve (Fed) raised interest rates by a half percent last Wednesday (May 4) – the biggest increase in 20 years and the second time this year after the quarter-percent hike on March 16 — sending stock markets rallying on the news but reversing sharply the next day, losing almost all of the previous day’s gains.
The S&P 500 closed down 3.6% last Thursday after having ended 3% up the day before, while the NASDAQ composite was down nearly 5% – its lowest level sinc…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.