Asian stocks rattled by hawkish Fedspeak, head for weekly losses By Investing.com

⚠️BREAKING: *ASIAN STOCKS RATTLED BY HAWKISH FEDSPEAK, HEAD FOR WEEKLY LOSSES 🇨🇳 🇭🇰 🇯🇵 🇰🇷

Fed officials James Bullard and Loretta Mester furthered this notion in separate speeches, and also warned that the central bank could raise interest rates at a sharper pace in the coming months, ifRising interest rates bode poorly for Asian stocks by limiting the amount of foreign capital flowing into

the region. Regional central banks are also expected to hike rates in tandem with the Fed, tightening local liquidity conditions.index fell 0.7%, and was also set to snap five straight weeks of gains amid continued uncertainty over the path of monetary policy under new Bank of Japan Governor Kazuo Ueda.

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