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Asian markets rebound after Wall Street sinks on rate fears

Por: MarketWatch Business February 07, 2023

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The Shanghai Composite Index rose 0.3% and the Hang Seng in Hong Kong advanced 1%. The Kospi in Seoul added 0.6% and Sydney’s S&P/ASX 200 slipped 0.4%. Stocks in New Zealand and Singapore declined while Taiwan and Indonesia advanced. Wall Street sank for a second day Monday after unexpectedly strong U.S. data on hiring and wages dampened hopes the Federal Reserve might decide it has succeeded in cooling inflation and can wind down plans for... + full article



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