Most Asian markets drop as traders weigh US rates outlook …C0NTINUE READING HERE >>>
Asian traders tracked a tepid lead from Wall Street, where the Dow and S&P 500 came off record highs on Monday.
Photo: Mohd RASFAN / AFP
Source: AFP
Most Asian markets turned lower Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates.
Comments from top Federal Reserve officials suggesting they would like to see a slower pace of rate cuts tempered hopes for another bumper cut at the bank’s next meeting, while Middle East worries pushed gold to a new record.
With few catalysts to drive business,…
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