Asian Markets Sink on Fed, China Inflation Worries

Asian stock markets experienced a downturn this week, primarily due to escalating concerns over the Federal Reserves future monetary policy. New inflation data from China, indicating a less robust recovery than anticipated, further exacerbated these worries. The MSCIs Asia-Pacific shares index, excluding Japan, decreased by 0.8%, while Japans Nikkei, Australias shares, and South Koreas Kospi also declined. Chinas Shanghai Composite Index barely moved, following weak consumer inflation and falling producer prices. The Federal Reserves minutes from March meeting revealed policymakers concerns about slowing inflation, potentially leading to higher interest rates and dampening hopes for a quick rate cut. These factors contributed to a cautious investor mood, impacting markets across the region and underscoring global and Chinese economic uncertainties.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.