BEAMSTART Logo

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.

The Star LogoThe Star4w ago

 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. - The Star

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.


More Pictures

 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. - The Star (Picture 1)

or

Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-23 @ 16:19:00 (4 weeks 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

View Article Analysis

About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 38 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 34 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story " 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." has 482 words across 25 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story " 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." was covered 4 weeks ago by The Star, a news publisher based in Malaysia.

How trustworthy is 'The Star' news outlet?

The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 38 news stories per day.

It's most recent story was published 34 minutes ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #21064406
  • URL: https://beamstart.com/news/most-asian-currencies-slide-after-17164527798175

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.