Asian Market Updates

Asian Shares Mixed On Fed Rate Hike Woes

Asian stocks ended Thursday's session on a lackluster note, as investors digested another set of mixed earnings reports from big U.S. companies and sought clarity on whether the Federal Reserve will pause after a widely expected 25-basis point rate hike in May.

The dollar held steady after Fed Bank of New York President John Williams said that inflation is still too high and the central bank will use all its monetary policy tools to restore price stability.

Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe Now
Already subscribed? Sign in

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Asian Market Updates