Asia FX

Asian markets drop as rate fears trump Powell reassurances
Markets

Asian markets drop as rate fears trump Powell reassurances

  • "The mega-cap sectors and stocks that benefitted from the Covid-19 pandemic stay-at-home (SAH) environment, weak economic activity, and new lows in fixed income yields have been giving way" to the recovery theme, said Canaccord Genuity equity strategist Tony Dwyer, adding the selling could worsen.
Published 24 Feb, 2021 10:49am