- Asia's stocks fell on fears of an economic downturn as monetary policy tightens to combat high inflation.
- Japanese stocks fell about 2%, but China and Hong Kong managed to
- Stocks and US equity futures rose after Fed's Powell said that large interest-rate hikes will be rare following the Fed's largest increase in borrowing costs since 1994.
- An Asian
- US equity futures edged higher while Asian stocks struggled for traction ahead of a Federal Reserve meeting expected to deliver a significant interest-rate hike to combat inflation.
- An Asia-Pacific
- Stocks fell deeper into a bear market as bond yields rose on rising expectations of more aggressive Federal Reserve interest-rate hikes to combat high inflation.
- The MSCI Asia-Pacific share
- Following a new high in American inflation, which increased pressure on the Federal Reserve to tighten monetary policy, Asian stocks fell and bond yields rose.
- Across Asian markets, equities
- Stocks continued to fall while the dollar remained near a three-week high as investors became concerned about high inflation and slowing economic growth.
- An Asian equity index fell 1%,