HONG KONG, Nov 25 — Equity markets in Asia were mixed in edgy trade today as a batch of strong economic data spurred expectations that the Federal Reserve will withdraw its vast financial support and lift interest rates earlier than thought.
While officials agreed to lower the number of bonds bought each month from the start of November, the minutes said that “some participants preferred a somewhat faster pace of reductions that would result in an earlier conclusion to net purchases”. The surge in inflation around the world has led several central banks to tighten the policies put in place at the start of the pandemic that have been a key driver of the global recovery and market rally to record or multi-year highs in the past year and a half.
Hong Kong, Sydney, Wellington, Taipei, Mumbai and Jakarta were up, though Shanghai, Singapore, Manila and Bangkok edged down.
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