SYDNEY, April 3 — Asian shares tracked Wall Street lower on Wednesday as US yields held near four-month highs, while a powerful earthquake in the region raised concerns about...
How do Malaysia’s MPs lose their seats and party memberships? Here’s what the Federal Constitution and party constitutions sayAsian shares tracked Wall Street lower on Wednesday as US yields held near four-month highs, while a powerful earthquake in the region raised concerns about possible disruptions to the vital chip-making industry.
Taiwan’s shares skidded 0.8 per cent after a powerful earthquake with a magnitude of 7.2 rocked Taipei, the capital, sparking a tsunami warning for the islands of southern Japan and the Philippines.Shares of the chip giant Taiwan Semiconductor Manufacturing Co fell 1.4 per cent after the company said some facilities were evacuated following the quake.
“At this last meeting, they still indicate three times, but these movements tend to have some momentum. As they start to shift, you find that they will probably shift again next meeting and then by next meeting, they probably will be indicating that they’re going to cut only twice,” said Andrew Lilley, chief rates strategist at Barrenjoey in Sydney.The three major Wall Street indexes fell about 0.7 per cent-1 per cent.
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