Tensions between the U.S. and China are putting pressure on Asian Indices, and fears of a coming recession may be pushing the prices of key Commodities downward.
Wednesday’s Asian trading was a mixed bag today as interest rate concerns troubled traders, and the gaming industry in China is facing significant government challenges.
On Friday, the data showing high inflation and low consumer sentiment in the U.S. was released to the public. In response, American Indices showed sharp drops, a trend that has been continued so far this morning on the trading floors of East Asia.
Today, the Reserve Bank of Australia raised interest rates by 50 basis points, while the Bank of Japan is staying dovish. Uncertainty regarding monetary policies and inflation across Asia may have been the cause for mixed trading results on major Asian Indices today.
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