Asian markets tumble after Federal Reserve chief’s comments | Malay Mail

Asian markets tumble after Federal Reserve chief’s comments | Malay Mail

Asian Shares, Asian Markets

22/4/2022 12:27:00 PM

Asian markets tumble after Federal Reserve chief’s comments | Malay Mail

HONG KONG, April 22 — Most Asian markets dropped today, trailing Wall Street losses triggered by the US Federal Reserve boss’ signal of an aggressive monetary policy tightening cycle and the ongoing economic impact of Covid-19 restrictions in China. Tokyo ended more than 1.5 per cent down even...

Tokyo ended more than 1.5 per cent down even as inflation data from Japan was in line with market expectations and better than elsewhere in the world. Seoul, Sydney, Jakarta, Mumbai and Taipei were also all down.Fed Chair Jerome Powell’s comments that a half-point interest rate increase is “on the table” for next month’s policy meeting — with the United States facing decades-high inflation — reversed fortunes on Wall Street mid-session. 

Major US indices all finished down more than one per cent, while the dollar pushed higher against the euro and other currencies.Crude is trading 35 per cent higher this year, with supply roiled by the war in Ukraine and protest-related disruptions in Libya. Calls for the European Union to ban Russian imports are also growing. 

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Most Asian indexes gain ground on US yield drop, but Chinese stocks fall | Malay MailHONG KONG, April 21 ― Mainland China and Hong Kong stocks fell today, hurt by worries about the Chinese economy, but an overnight tumble in longer dated US treasury yields lent support to other benchmark indexes. A 0.78 per cent drop for Hong Kong and 0.36 per cent decline for blue chips in...

Asian shares slide on Fed's aggressive tightening stance | Malay MailBEIJING, April 22 ― Asian shares tumbled today as investors fretted about an increasingly aggressive rate-hike outlook for the United States as well as the fallout for the global economy from lockdowns in China. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1 per cent in...

Asian shares slide on Fed's aggressive tightening stanceBEIJING (April 22): Asian shares tumbled on Friday as investors fretted about an increasingly aggressive rate-hike outlook for the United States as well as the fallout for the global economy from lockdowns in China.MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.1% in morning trade, its sharpest decline in six weeks.Pulling it lower was a 1.6% loss for Australia's resource-heavy index, a 1.1% drop in Hong Kong stocks and a 0.3% retreat for blue chips in mainland China.Japan's

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Most Asian indexes gain ground on US yield drop, but Chinese stocks fallHONG KONG (April 21): Mainland China and Hong Kong stocks fell on Thursday, hurt by worries about the Chinese economy, but an overnight tumble in longer dated US treasury yields lent support to other benchmark indexes.A 0.78% drop for Hong Kong and 0.36% decline for blue chips in mainland China pulled MSCI's broadest index of Asia-Pacific shares outside Japan 0.22% lower.But share benchmarks in Australia and Korea were up, while Japan's Nikkei rose 0.81%. Nasdaq futures gained 0.6% and

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HONG KONG, April 22 — Most Asian markets dropped today, trailing Wall Street losses triggered by the US Federal Reserve boss’ signal of an aggressive monetary policy tightening cycle and the ongoing economic impact of Covid-19 restrictions in China. Tokyo ended more than 1. JDT head coach Benjamin Mora, still basking from the 2-1 win over Ulsan Hyundai FC on Monday (April 18), said although both the Asian giants had similarities in terms of tactical and game patterns, it doesn’t mean that JDT would have it easy against the Japanese club.5 per cent down even as inflation data from Japan was in line with market expectations and better than elsewhere in the world.78 per cent drop for Hong Kong and 0.  A falling yen, due mainly to the interest rate gap between Japan and the United States, had boosted trade on the Nikkei 225 all of this week, but it was not enough to alleviate concerns around the prospect of rate hikes in the United States. “So, we must give our best from the first minute, just like we did against Ulsan,” he said at the pre-match press conference at the stadium here today.  And a report that Japanese Finance Minister Shunichi Suzuki and US Treasury Secretary Janet Yellen have discussed coordinated currency intervention to combat skyrocketing global inflation strengthened the yen today.6 per cent loss for Australia's resource-heavy index, a 1.

  Seoul, Sydney, Jakarta, Mumbai and Taipei were also all down. Mora also said that JDT won’t have the services of Haziq Nadzli, who is still injured following a collision with an Ulsan Hyundai player on Monday, while no decision has been made whether or not to field Izham Tarmizi or Farizal Marlias. But share benchmarks in Australia and Korea were up, while Japan's Nikkei rose 0. But Shanghai pulled back marginally as some restrictions in China were eased and the country’s securities regulator pushed banks and insurers to buy more stocks to lift ailing equities — although the impact was minimal.  Hong Kong, which has been down all week and plummeted on Friday, also recovered slightly after the midday break thanks to a tech-stock recovery and was only fractionally lower at the close. “We are well aware that JDT are a good team and play an attacking game, with a lot of movement from either wing or launching attacks from midfield,” he said.  Fed Chair Jerome Powell’s comments that a half-point interest rate increase is “on the table” for next month’s policy meeting — with the United States facing decades-high inflation — reversed fortunes on Wall Street mid-session.6 per cent and S&P500 futures advanced 0.  “Federal Reserve Chairman Powell stopped an intraday equity rally in its tracks overnight, after he signalled a 0. — Bernama You May Also Like.” His remarks effectively confirm market expectations of at least another half-percentage-point rate hike from the Fed next month, and Nomura now expects 75 basis point hikes at its June and July meetings, which would be the biggest of that size since 1994.

50 per cent rate hike in May,” said Jeffrey Haley, Asia-Pacific Senior Market Analyst at Oanda. “Mr Powell cited a tight labour market and inflation at multi-decade highs.8455 per cent, a whisker higher in Asia morning trade, but still bruised after falling overnight from as high as 2. Fellow President Mary Daly also suggested 0.50 per cent hikes, while the bull in the monetary China shop, James Bullard, reiterated his enthusiasm for 0.75 per cent hikes. Carnell said the fall in bond yields may have provided some support for equities overnight, with the S&P500 broadly flat on the day despite an uglier picture for tech.9076 and not too far off from 2.

” Major US indices all finished down more than one per cent, while the dollar pushed higher against the euro and other currencies. Frankfurt and Paris enjoyed gains before the announcement but opened more than one per cent lower on Friday under the weight of Powell’s comments. London, which ended flat, was also down in early trade.22 per cent, dragged down by Netflix which plunged 35.  Oil prices also took a hit over the Fed’s potential monetary policy tightening and dwindling energy demand in China. Crude is trading 35 per cent higher this year, with supply roiled by the war in Ukraine and protest-related disruptions in Libya. Elsewhere, markets were still reeling from comments by European Central Bank officials that the central bank might start hiking euro zone rates as early as July.

Calls for the European Union to ban Russian imports are also growing.71 per cent.  But prices have fallen more than four per cent this week.  “Russian production decreased, pointing to self and official sanctions starting to bite oil prices bullishly,” Stephen Innes at SPI Asset Management.  “It is Friday, and typically, no one wants to go short oil into the weekend for fear of dreadful Ukraine weekend headline risk. It also set it lower still today. So that suggests to me that oil holds a bid barring awful news out of China on the Covid front, where there seems to be some light at the end of the lockdown tunnel.39 per cent ― particularly large falls for the Asian timezone.

” Key figures around 0815 GMT London — FTSE 100: DOWN 0.32 per cent at 7,603. Lower yields sent the dollar lower, with the dollar index tumbling 0.87  Frankfurt — DAX: DOWN 1.11 per cent at 14,342.11 Paris — CAC 40: DOWN 1.44, down from a near two-year peak the previous day of 101. The greenback gained 0.

92 per cent at 6,652.75 Tokyo — Nikkei 225: DOWN 1.63 per cent at 27,105.38 per cent on the yen to 128.26 (close) Hong Kong — Hang Seng Index: DOWN 0.21 per cent at 20,638. Powell's comments overshadowed robust US corporate earnings and jobless claims data that showed the number of Americans filing new claims for unemployment benefits fell last week, suggesting that April was another month of strong job growth.

52 (close) Shanghai — Composite: UP 0. Sanjaya Panth, deputy director of the IMF's Asia and Pacific Department told Reuters late on Wednesday said there was no need for Japan to shift course.23 per cent at 3,086.92 (close) Euro/dollar: DOWN at US$1.0801 from US$1.67 per cent to US$107.0840  Dollar/yen: DOWN at 128. Oil prices wobbled on Friday as concerns about supply due to a potential European Union ban on Russian oil were offset by demand worries.

12 yen from 128.35 yen Pound/dollar: DOWN at US$1. Analysts at ANZ said investors were weighing potential supply disruptions against demand prospects.2906 from US$1.3029 Euro/pound: UP at 83.67 pence from 83.. Looming rate hikes weighed on gold.

14 pence Brent North Sea crude: DOWN 0.74 per cent at US$107.53 per barrel West Texas Intermediate: DOWN 0.14 per cent to US$1,954.68 per cent at US$103.08 per barrel New York — Dow: DOWN 1.

1 per cent at 34,792.76 (close) — AFP You May Also Like .