Fed rate hike concerns remain

Yeah said Asian economies with high import dependence and weaker growth fundamentals will face stronger exchange rate declines.

PETALING JAYA: A number of markets globally have been dragged marginally lower this week after the United States revealed its non-farm payrolls report for January, showing the country has created 517,000 jobs in the first month of the year, far oustripping the consensus forecast of 185,000.

Global markets that saw declines early this week after the jobs report was released include the Dow Jones, the S&P 500, Hong Kong’s Hang Seng Index and Malaysia’s own FBM KLCI.