Asian Stocks Slump as Mideast Woes, Hawkish Fed Sour Sentiment
Asian stocks plunged as broad risk aversion swept through markets on renewed concerns over an escalation of tensions in the Middle East and worries about higher-for-longer US rates.
Asian stocks plunged as broad risk aversion swept through markets on renewed concerns over an escalation of tensions in the Middle East and worries about higher-for-longer US rates.
ANZ Group Holdings Ltd. is in discussions with Australian pension funds about investing in India’s infrastructure assets and its debt market, according to a senior bank official.
New Zealand’s central bank will only pivot to an easing stance when it is sure it has domestic inflation under control, which will take until next year, ANZ Bank says.
Global markets were rocked by fresh conflict in the Middle East that sent stocks lower while oil and haven assets including Treasures and the dollar rallied.
Treasuries advanced with the dollar as concerns over an escalation in the Middle East conflict bolstered demand for safe-haven assets.
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