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Asian stocks hobbled by fading expectations for aggressive Fed rate cut


Tuesday, 9 July 2019 08:35 WIB

MSCI Asia PacificSaham AsiaBursa Asia


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Asian stocks struggled to rebound on Tuesday as investors came to terms with sharply reduced expectations the Federal Reserve will deliver a large interest rate cut at the end of July.

Those views were bolstered after solid gains in U.S. jobs for June and pushed down Wall Street for the second straight day.

MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.1% in early trade, after falling 0.6% the previous day. Japan's Nikkei rose 0.5% thanks in part to the yen’s retreat against the dollar.

On Wall Street, the S&P 500 lost 0.48% while the Nasdaq Composite dropped 0.78%, led by fall in Apple Inc.

Source : Reuters


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