Stocks Falter as Post-Fed Rally Fades
U.S. and global stock indexes slumped, suggesting Wall Street’s post-Fed meeting rally isn’t set to last.
The U.S. central bank needs to kill its policy of “data dependency”—and get investors thinking about the bigger picture.
China’s large-scale local government debt-restructuring program could exceed CNY6 trillion over several years, Morgan Stanley economists write in a note.
Most Asian currencies weakened against the dollar on the lack of details from China’s Ministry of Finance on its fiscal...
South Korea’s benchmark Kospi rose 0.9% to 2620.93 in early trade as financial and semiconductor stocks advanced.
Oil slipped in early Asian trade. The market faces risk of a major correction in coming months, TD Securities said.
Gold fell in early Asian trade amid a possible technical correction after the precious metal rose for a fifth straight...