Asian shares retreat as US rate-cut prospects dim

Quick Summary:

RECAP: Asian equities declined on Friday and the dollar traded near a two-year high as investors continued to fret about the likelihood of fewer US interest rate cuts in the coming year.

Indonesia's central bank kept its interest rate unchanged to support the rupiah, which fell past the key support of 16,000 to the dollar.

Toyota Motor Corp chairman Akio Toyoda has pledged to invest 55 billion baht in Thailand to expand production of hybrid cars, Industry Minister Akanat Promphan said on Wednesday.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaHong KongIndiaIndonesiaJapanNew ZealandTaiwan

Topics: Billion Friday Baht Bank Stocks Thursday Securities Interest Year Rate Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-21 @ 08:35:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1199 words

Reading Time: 7 minutes read

Sentences: 51 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24572393

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 9 posts per day

Year Established: 1946

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News Last Updated: 12 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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