Emerging market Asia seen getting sold as dollar back on ascent

A specialist trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2022. REUTERS/Brendan McDermid

SINGAPORE: A more hawkish-than-expected Jerome Powell sent US stocks spiralling lower Wednesday and analysts expect more of the same for Asia yesterday.

Higher-for-longer US interest rates are likely to impact growth in the region, weigh on stocks and put further pressure on currencies thanks to a strengthening dollar.