HONG KONG – Investors pushed most Asian markets higher Friday on easing concerns about runaway inflation and an overheating economy after the Federal Reserve officials brought forward their forecasts for hiking interest rates.
With the post-pandemic recovery well under way in most countries as vaccines roll out and containment measures are eased, the general mood across trading floors is positive and observers are predicting equities will continue the rally that started in April 2020.
The blockbuster growth enjoyed this year has been tempered by worries that a surge in buying spurred by pent-up demand for goods would combine with supply constraints and bottlenecks to …
Keep on reading: Asian markets mostly up as Fed rate forecasts ease inflation fears