HONG KONG – Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets Thursday, while traders were also taking heart from more positive developments on the vaccine front.
Expectations the global economy will rocket have helped equities surge in recent weeks, but optimism is giving way to concerns the rebound — and an imminent government stimulus — will fire inflation and force the central bank to reverse its ultra-loose monetary policy.
The prospect of higher borrowing costs down the line has sparked a sell-off across world markets, where observers were already worried that bubbles had developed and a correction was o…
Keep on reading: Asia markets track Wall St record after Powell’s soothing words