Markets swing after Wall St losses as traders weigh US rates outlook

Markets swing after Wall St losses as traders weigh US rates outlook …C0NTINUE READING HERE >>>

Hong Kong led gains in Asian markets as traders brushed off big losses on Wall Street.
Photo: PHILIPPE LOPEZ / AFP
Source: AFP

Asian markets were mixed Monday following a sell-off on Wall Street as investors scale back their bets on Federal Reserve interest rate cuts owing to worries Donald Trump could reignite inflation.

A warning from US central bank boss Jerome Powell that reductions in borrowing costs were not preset dented optimism last week, while traders were also keeping tabs…

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