Asian stock markets witnessed an uptick on Tuesday, while the dollar gained strength, keeping the yen near the critical 152-per-dollar mark that has sparked concerns about potential intervention. The shift in market dynamics was driven by fading anticipations of an immediate interest rate cut by the Federal Reserve.
Monday’s data revealed a rebound in US manufacturing for the first time in 18 months during March, as production and new orders surged. This underscored the resilience of the economy and cast doubts over the timing of the Fed’s rate cuts.
The positive manufacturing data led to an increase in US Treasury yields, with both two-year and 10-year yields reaching two-week highs, thereby bolstering the dollar.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
