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Stock market today: Asia follows Wall Street lower after Fed"s notes dent hopes of rate hikes ending

August 17, 2023
Source: devdiscourse.com devdiscourse.com
News Snapshot:
Asian stocks followed Wall Street lower Thursday after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished. Hong Kong and Tokyo lost more than 1 per cent. Shanghai, Seoul and Sydney also retreated. Oil prices declined. Wall Street's benchmark S&P 500 lost 0.8 per cent on Wednesday after minutes from the Fed's latest meeting suggested board members are unsure what to do after raising their key lending rate to a two-decade high. Traders had hoped they would decide inflation was under control and last month's rate hike was the last. Fed officials face a "tough...
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