Asian stocks skittish as rate fears persist; Hong Kong up on property cheer
Investing.com-- Asian stocks were a mixed bag on Thursday as fears of U.S. interest rates remaining high for longer remained in play, although the Federal Reserve did downplay any expectations for further interest rate hikes.
Regional markets took middling cues from a negative overnight close on Wall Street, although U.S. indexes did end above their intraday lows after Fed Chair Jerome Powell said the bank had no intention of raising interest rates further. But Powell also said that progress towards its 2% inflation target appeared to be stalling, which heralded no immediate plans for rate cuts.index was the best performer in Asia on Thursday, rising 1.2% and coming close to a five-month peak hit earlier this week.
The move, which comes after a 13-year freeze on buying multiple homes, was aimed chiefly at further stimulating the property market, which has been grappling with an over three-year downturn.Mainland Chinese markets were closed for a holiday, and will remain closed for the remainder of the week.Suspected currency market intervention by the Japanese government saw the yen whipsaw wildly this week.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks skittish with US inflation on tap; Alibaba boosts Hong KongAsian stocks skittish with US inflation on tap; Alibaba boosts Hong Kong
Read more »
Godzilla x Kong Domestic Box Office Passes Skull Island To Become Second-Best Monsterverse MovieBrie Larson from Kong Skull Island with Kong from Godzilla x Kong
Read more »
Hong Kong’s biggest stock is ready for a turnaround, analysts sayAfter three straight years of decline, Chinese tech company Tencent is poised for gains in 2024.
Read more »
Hong Kong Stock Exchange to Finalize Bitcoin ETF Listings in Two WeeksThe Hong Kong Stock Exchange is set to approve the first batch of spot Bitcoin ETFs by April 15, following the approval of the Securities Regulatory Commission of Hong Kong. The exchange will require two weeks to finalize listing procedures and related arrangements.
Read more »
Stock market today: Hong Kong stocks lead Asia market gains while developer Vanke slumpsHong Kong stocks are leading gains in Asian markets while investors evaluate economic data from South Korea and Australia. U.S. futures were lower while oil prices rose. China real estate developer Vanke’s Hong Kong-listed shares slumped 11.4% on Tuesday after the company reported last week of a notable decrease in profit and no dividend payout.
Read more »
Stock market today: Hong Kong stocks lead Asia market gains while developer Vanke slumpsHong Kong stocks are leading gains in Asian markets while investors evaluate economic data from South Korea and Australia.
Read more »