TOKYO—Asian shares took a beating on Friday after a fresh salvo of hawkish remarks from Federal Reserve officials solidified expectations that U.S. interest rates could rise as soon as March, leaving markets braced for tighter monetary conditions. Fed Governor Lael Brainard became the latest and most senior U.S. central banker on Thursday to signal that rates will rise in March to combat inflation. Equity markets turned deeply red with investors seeking shelter in safer assets such as government debt. MSCI’s broadest index of Asia-Pacific shares outside Japan shed 0.8 percent in mid-morning trade, while Australia lost 1.2 percent and Japan’s Nikkei shed 1.9 percent by the midday break. South Korean shares dropped 1.5 percent after its central bank raised its benchmark rate 25 basis points to 1.25 percent on Friday, taking it back to where it was before the pandemic as it seeks to restrain consumer price rises. China’s blue-chip …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta