Following the release of hawkish minutes from the Federal Reserve, the majority of Asian currencies experienced a decline while global stock markets saw an increase.

Quick Summary:

EMERGING Asian stocks rose on Thursday, with benchmark indexes in Taiwan and India hitting record highs, while most currencies in the region retreated after hawkish Federal Reserve minutes prompted investors to push back bets of rate cuts this year.

The Chinese yuan declined marginally but touched lowest level since late April.

MSCI's index of Asia Pacific IT stocks excluding Japan rose over 1% to hit a more than two-year high following Nvidia's results.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndiaIndonesiaJapanPhilippinesSingaporeTaiwan

Topics: Asia Pacific Forex Currencies Asian /Business/Business News MSCI Federal Reserve

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-23 @ 16:19:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21064406

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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