Asian markets are slipping after the meeting as traders consider higher prices

 Asian markets are slipping after the meeting as traders consider higher prices

 

 

 

HONGKONG (AFP) - Asian stocks rallied sharply on Friday, backing to a day's rally as traders looked at major banks' plans to curb inflation by eliminating much cheaper currency while wandering around with the already threatening Covid infection spike. weak economic stability.

With inflation rising sharply over the past 40 years, the Fed this week has put itself in a very hawkish way to keep them under control by promising to end its major bond-buying program by March and is showing a series of possible interest rate hikes. until 2023.

The news on Wednesday met with a meeting in the U.S. and Asian markets as investors welcomed an end to some of the months-long uncertainty in the markets, as well as the Fed's plan to tighten inflation.

Craig Erlam of OANDA said the inflation gauge was likely "heading towards a critical conclusion, which investors have welcomed with open arms".

it may be the first time. The last time the Fed raised prices, it met with strong criticism from others, especially President Trump.

 more than a slight stabilization. As it should."

The rise of the Bank of England on Thursday and the European Central Bank's plan to use its financial support - but extend further aid - met similar responses in Europe.

However, the three main Wall Street indicators withdrew Thursday as investors adopted a new policy, with technology companies - at high risk of borrowing costs - taking on a huge sales burden, reducing the Nasdaq by more than two percent.

And much of Asia followed.

Tokyo, Singapore, Wellington, Manila, and Jakarta are all in the red. In Sydney, Seoul, and Taipei met.

Hong Kong and Shanghai were also very low, as sales exacerbated the new US collapse in China with sanctions and trade restrictions regarding Beijing's administration of the Uyghur minority in Xinjiang.

Lawmakers voted to make the United States the first country to block almost all purchases from the northwestern region over concerns about the rise of forced labor while striking out companies linked to surveillance there.

Rights groups say China has always honored new technologies in artificial intelligence and tracking DNA to keep track of Uyghurs.

The volley is the latest in a series of conflicts between major powers that have left relations colder for decades, and will likely weaken Beijing.