Asia's markets fell on Wednesday after a tumble on Wall Street, with
investors in Japan tracking a central bank policy meeting later in the
day.
The dollar drifted lower against the yen following a weak batch of
corporate figures out of New York, while the greenback gained marginally
against Thailand's baht a day after the country's army declared martial
law, Tokyo slipped 0.41 per cent, Hong Kong lost 0.52 per cent, Sydney
shed 0.85 per cent, Shanghai lost 0.34 per cent and Seoul was 0.20 per
cent lower.
US shares took a dive on Tuesday in response to a barrage of mostly disappointing earnings from retailers, while downward pressure was increased after a Fed president called for interest rates to be hiked.
Reserve Bank of Philadelphia President Charles Plosser said borrowing costs may have to be lifted sooner than later. While most analysts expect an increase well into next year, the dearth of any other strong catalysts led traders to take their cash off the table.
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US shares took a dive on Tuesday in response to a barrage of mostly disappointing earnings from retailers, while downward pressure was increased after a Fed president called for interest rates to be hiked.
Reserve Bank of Philadelphia President Charles Plosser said borrowing costs may have to be lifted sooner than later. While most analysts expect an increase well into next year, the dearth of any other strong catalysts led traders to take their cash off the table.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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