Markets fell in Asia on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year. But she added that 'at this stage, we expect the BoJ to wait until around October before increasing interest rates again'.
Hong Kong stocks fell for a fourth successive day, having hit a nine-month high earlier in the week. Photo: Bertha WANG / AFPMarkets fell in Asia on Friday, tracking a sell-off on Wall Street sparked by a string of better-than-expected US data that added to worries the Federal Reserve will hold off on cutting interest rates this year.
Confidence was dealt a further blow Thursday as a closely watched gauge of the services sector showed services activity rose at its fastest pace in a year, while the factory sector also beat forecasts.was still in rude health, quelling the excitement sparked by last week's news that the consumer price index slowed in April after three months of topping forecasts.
The prospect of interest rates remaining at two-decade highs through most of the year put upward pressure on the dollar. The Japanese unit was also weighed by data showing inflation eased last month, leading to speculation about when the country's central bank will lift interest rates again, having hiked in March for the first time in 17 years.
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