Asia markets start pricing in possibility of imminent Fed hike ~ Market Updates Tips Tricks Recommendations

Wednesday 18 May 2016

Asia markets start pricing in possibility of imminent Fed hike

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The Federal Reserve’s April minutes upped the prospect of an interest rate hike, sending the dollar higher, spurring divergent performance in Asia markets on Thursday.
Japan’s benchmark Nikkei 225 index tacked on 0.68 percent, likely driven by the stronger dollar helping to push down the persistently stronger yen, which has been dampening earnings for the country’s exporters.

Japan’s benchmark Nikkei 225 index tacked on 0.68 percent, likely driven by the stronger dollar helping to push down the persistently stronger yen, which has been dampening earnings for the country’s exporters.

South Korea’s Kospi shed 0.38 percent; higher interest rates in the US may spur fund outflows from the country.

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