Asian stocks slumped on Thursday after the U.S. Federal Reserve signaled it plans to hike interest rates in March and end its bond purchases that month to counter escalating inflation.
The hawkish tone, reflecting the upside risks to inflation, triggered a dollar rally and dented the appeal of equities. Escalating Russia-Ukraine political tensions also sapped investors' appetite for riskier assets.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com