Asian stock markets fall as investors worried about China’s economic growth and the Federal Reserve’s intention to tighten policy rapidly, according to minutes from the early May rate-setting meeting released overnight.
While Wall Street ended the day higher after the minutes revealed that a majority of Fed members supported half-point rate rises in June and July, as well as a uniform assessment that the economy was robust, the mood in Asia remained negative. Read more
The falls in Asia contrasted with a more upbeat mood on Wall Street, where stocks closed higher on Wednesday.
Chinese shares saw some relief after Premier Li Keqiang said China will strive to achieve reasonable economic growth in the second quarter.
This report’s information was first seen on Reuters; to read more, click this link.