Asian stocks drifted lower on Friday as a spate of rate hikes from policymakers in England, Norway and Switzerland pushed up global bond yields and revived fears of an imminent recession.
The dollar continued to benefit from risk aversion on concerns that higher interest rates could slow economic growth. Both oil and gold headed for weekly losses on fears of further rate hikes.
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