Asia Stock Carnage Deepens as Hopes Fizzle With Policy Updates
Regional gauge drops as much as 1.9% before paring decline
Markets may be preparing for sustained downside: IG’s Rodda
By
Bloomberg News
Updated on
Asia’s equity traders are once again hitting the sell button with conviction.
The regional equity gauge opened lower after Federal Reserve Chairman Jerome Powell delivered another interest-rate increase and signaled the central bank sees little threat to the economy from the recent market turmoil. Losses only worsened as the Topix index entered a bear market after the Bank of Japan kept policy unchanged.
