People seen walking by an electronic stock board of a securities firm. Asian shares slipped Friday (March 5, 2021) after a surge in the US 10-year Treasury renewed pressure on high-flying technology companies.- AP
HONG KONG, March 5 (AFP): Asian markets fell further on Friday after Federal Reserve boss Jerome Powell failed to soothe fears of a surge in inflation fuelled by the expected global economic recovery, which many warn could force the central bank to hike interest rates earlier than thought.
While the rollout of vaccines, slowing infections, easing of lockdowns and an imminent new stimulus are breathing life back into economies, investors are increasingly worried ultra-loose monetary policies -- a key pillar of a year-long equity surge -- will be wound down to deal with an expected spike in prices.
Limited time offer:
Just RM5 per month.
