Asian markets extend rally as rate hike fears subside


HONG KONG (AFP): Asian markets rallied again Monday (June 27) building on last week's advances and following a strong performance on Wall Street as speculation that inflation may have peaked tempered expectations about central bank interest rate hikes.

With prices surging at a pace not seen in a generation, finance chiefs have been forced to lift borrowing costs and wind back their ultra-loose monetary policies in recent months, sending a chill across trading floors.

Subscribe to The Star Yearly Premium Plan for 30% off

Cancel anytime. Ad-free. Full access to Web and App.

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.39/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Asian , equities , June 27 , opening

Next In Aseanplus News

One in three vapes in Singapore laced with etomidate; Health Ministry working with Home Affairs Ministry to list it as illegal drug: Health Minister Ong
Bear suspected in two fatal attacks years apart in Hokkaido killed; DNA samples link cases
'Gay sex party' or HIV outreach programme?: Kelantan deputy MB urges thorough probe
Cargo ship sinks seven nautical miles off Yangon River, crew safe
Civil Aviation Authority of Thailand warns storm Wipha may delay flights, passengers entitled to refunds
Hong Kong issues highest storm alert as Typhoon Wipha moves in
Decision on Zayn Rayyan case to be known tomorrow
Saudi Arabia's 'Sleeping Prince' Alwaleed passes away after 20-year coma
Community initiative supports needy families in Belait district, Brunei
Posted then deleted: Cambodian soldier caught on video carrying landmine near border

Others Also Read