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Asia: Markets hurt by fresh tensions, eyes on Powell speech

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[HONG KONG] Most markets fell on Thursday ahead of a key policy speech by Federal Reserve chief Jerome Powell, while geopolitical concerns returned after Beijing fired missiles into the South China Sea and the US sanctioned several Chinese firms linked to the disputed region. Read more at The Business Times.

The US Commerce Department said the firms"enabled China to construct and militarise disputed outposts in the South China Sea".

Tokyo and Singapore were both down 0.5 per cent, Shanghai eased 0.2 per cent and Seoul was off 0.7 per cent, though Sydney, Taipei and Jakarta squeezed out small gains. The bank has provided crucial support worth trillions of dollars to the world's top economy during the virus crisis, helping stocks bounce back from their March troughs.

 

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Asia markets hurt by fresh tensions, eyes on Powell speechHONG KONG (AFP) - Most markets fell on Thursday (Aug 27) ahead of a key policy speech by Federal Reserve chief Jerome Powell, while geopolitical concerns returned after Beijing fired missiles into the South China Sea and the US sanctioned several Chinese firms linked to the disputed region.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »