mardi 10 mars 2015
Asia stocks fall as risk aversion prevails, dollar soars
Posted on 22:36 by nice news
Asian stocks fell to a two-month low on Wednesday as nervous markets recoiled on worries about an earlier U.S. interest rate hike, while such a prospect helped send the dollar to a 12-year high against the euro.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.3 percent after touching its lowest since January. Australian and South Korean shares each lost 0.5 percent and Malaysian and Indonesian stocks also declined.
Riskier assets both in the United States and elsewhere have come under pressure after Friday's robust U.S. employment data increased expectations that the Federal Reserve could raise rates as soon as June -a prospect that appeared relatively more remote a few weeks prior.
The possibility of higher U.S. yields siphoning away funds from riskier assets gave the S&P 500 .SPX, at a record high two weeks ago, its worst decline in two months overnight and emerging market stocks .MSCIEF declined to their lowest since early January.
Mexico's peso MXN= weakened to a record low and its Malaysian, South Korean, Brazilian and South African counterparts have also suffered heavy hits.
Renewed concern about Greece's debt talks with euro zone partners and deflationary pressures in China have also weighed on emerging markets in general. China will release industrial output, ret
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.3 percent after touching its lowest since January. Australian and South Korean shares each lost 0.5 percent and Malaysian and Indonesian stocks also declined.
Riskier assets both in the United States and elsewhere have come under pressure after Friday's robust U.S. employment data increased expectations that the Federal Reserve could raise rates as soon as June -a prospect that appeared relatively more remote a few weeks prior.
The possibility of higher U.S. yields siphoning away funds from riskier assets gave the S&P 500 .SPX, at a record high two weeks ago, its worst decline in two months overnight and emerging market stocks .MSCIEF declined to their lowest since early January.
Mexico's peso MXN= weakened to a record low and its Malaysian, South Korean, Brazilian and South African counterparts have also suffered heavy hits.
Renewed concern about Greece's debt talks with euro zone partners and deflationary pressures in China have also weighed on emerging markets in general. China will release industrial output, ret
Asia stocks fall as risk aversion prevails, dollar soars
Categories: Asia stocks fall as risk aversion prevails, dollar soars
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire