Asian shares ease on investors’ Fed-driven caution

17.03.2021 - Evdokimov Roman
Asian shares ease on investors’ Fed-driven caution

Asian share markets declined from high grounds on Wednesday. This came after Wall Street saw a subdued overnight session on investors’ anticipation that the U.S. Federal Reserve will signal faster-than-expected policy normalization.

MSCI’s broadest index of Asia-Pacific shares outside Japan recorded a 0.3% decline, with South Korea’s Kospi and Australia’s S&P/ASX 200 performing the weakest. The Shanghai Composite index dropped 0.4%, while Hong Kong’s Hang Seng traded 0.2% lower.

Financial markets across the globe were previously swayed by a rout in Treasuries, with the benchmark yield reaching historic peaks. While bond investors’ sentiment was greatly fueled by coronavirus vaccinations and U.S. fiscal stimulus, this might lead to volatility that would prompt the Fed to adjust its policy rates.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?