Asian Markets Mixed Following Fed Rate Hike as Trump Tariff Threats We
The Fed’s first rate hike in three years pushed U.S. yields higher as Asian indexes moved unevenly and Brent crude rose 0.1%, traders said.
- On Thursday, Asian markets traded mixed after the Federal Reserve raised its key interest rate to a target range of 3.75%-4.00%, the first increase in three years.
- Wall Street closed lower on Wednesday, with the Dow Jones Industrial Average falling 1.2%, while the two-year Treasury yield jumped to 4.72% from around 4.67% late Tuesday.
- South Korea's Kospi gained 0.9% and Taiwan's Taiex jumped 1.3%, while the Hong Kong Hang Seng fell 0.7% and the Shanghai Composite index lost 0.4%.
- Market reactions were "pretty much expected," said Lorraine Tan, director of equity research for Asia at Morningstar, though the ongoing Iran war keeps pressure on inflation.
- Oil prices edged higher amid supply pressure from Saudi Arabia's pipeline repair and limited flows in the Strait of Hormuz, while the 10-year Treasury yield remained at around 5.00%.
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Mixed Asian and Pacific grants after the Federal Reserve announced the first increase in interest rates since 2023. President Kevin Warsh's focus on inflation has helped to ease the recent wave of bond market sales. (ANSA)
The Toronto Star
Asian stocks are mixed after Wall Street slips following Fed’s rate hike decision
HONG KONG (AP) — Asian shares were mixed on Thursday after Wall Street closed lower following the Federal Reserve’s interest rate hike decision for the first time in three years.
Asian markets mixed following Fed rate hike as Trump tariff threats we
Asian stock markets traded mixed on Thursday, after an overnight retreat on Wall Street following the Federal Reserve’s first rate hike in three years. Market sentiment faced additional headwinds after U.S. President Donald Trump threatened sweeping
Major Asian stock markets are mixed today, Thursday, as investors assess the Federal Reserve's decision to raise US interest rates.
And against the backdrop of falling oil prices.
U.S. stock markets fell after the Federal Reserve raised interest rates on Wednesday. But both U.S. and European stock futures have since risen. “I see this as a relaxation trend,” says one strategist.
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