HONG KONG – Asian markets fluctuated Friday after another set of bumper US economic data reinforced recovery optimism but added fuel to concerns that the Federal Reserve will be forced to tighten its ultra-loose monetary policies sooner than expected.
Wary traders were also keeping tabs on China-US relations after Joe Biden almost doubled the number of firms included on an investment blacklist, in the latest move to show he has no intention of easing pressure on Beijing despite Donald Trump’s exit.
Closely watched figures Thursday showed the US created almost a million new private-sector jobs in May, far more than forecast, while claims for unemployment bene…
Keep on reading: Markets wobble in Asia as blockbuster data fan taper fears