Asia-Pacific stocks slip as U.S. Fed signals rate hikes in 2023
Shares in Asia-Pacific dipped in Thursday morning trade, as investors watch for market reaction after the U.S. Federal Reserve on Wednesday moved up its timeline for rate hikes.
In Japan, the Nikkei 225 shed 0.33% in early trade while the Topix index sat below the flatline. South Korea’s Kospi declined 0.62%.
The S&P/ASX 200 in Australia fell 0.14%. Australia’s jobs data for May is set to be released at 9:30 a.m. HK/SIN on Thursday.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.54% lower.
Singapore's May exports rise 8.8% y/y, below forecast
Reference: CNBC
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