HONG KONG (AFP): Asian markets rose Wednesday (June 23) to extend a global rally, as fresh pledges on monetary policy by the Federal Reserve reassured investors who had been rattled last week by the bank's forecasts of an earlier-than-flagged hike in interest rates.
Wall Street tanked Friday and Asia followed suit Monday as traders contemplated a rate lift-off possibly next year as officials try to prevent overheating and soaring inflation caused by the world's top economy thundering out of the collapse of 2020.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!