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Asian markets rise as recession talk tempers rate hike expectations

Channel News Asia LogoChannel News Asia1 mo ago

Asian markets rise as recession talk tempers rate hike expectations

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HONG KONG: Stocks rose in Asia on Friday (Jun 24) following another rally on Wall Street as investors try to process central bank moves to fight soaring inflation with the growing possibility that those measures will induce a recession.

"While a tall order and still a near-term unlikely combination scenario, the fall in commodity prices, especially oil, should be music to the Fed's ears, so some could be ticking one or two of those boxes off".

Added to the mix this week are comments from President Xi Jinping suggesting an end to China's tech crackdown as well as possible new measures aimed at boosting the economy.


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Article Details

Category: Economy

Topics: Mediacorp Yields Time Including Markets Inflation Left China Prices Week Recession

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 10:23:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 500 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 6999

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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