Asian stocks rebound after Wall St sinks on rate fears

Asian stock markets rebounded Tuesday after Wall Street sank under pressure from worries about higher interest rates and after Japan reported stronger wage gains than expected.

Shanghai, Tokyo, Hong Kong and Seoul advanced. Oil prices rose.

Wall Street sank for a second day Monday after unexpectedly strong U.S. data on hiring and wages dampened hopes the Federal Reserve might decide it has succeeded in cooling inflation and can wind down plans for more rate hikes.

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
Fidelity Asian Values

More articles like this

Fidelity China Special Situations

China’s economic potential offers investors more opportunities

The huge potential and sound development of the Chinese economy will provide broad cooperation space and development opportunities for domestic and foreign investors, a senior Chinese official said Sunday. “Investing in China is investing in the future,” Zheng

Fidelity Asian Values

Asia-Pacific markets rise

Asia-Pacific markets rose on Tuesday after Wall Street staged a relief rally overnight on hopes the banking crisis may be easing, following the $3.2 billion takeover of Swiss bank Credit Suisse by rival UBS. U.S. Federal Reserve’s Federal Open Market

Fidelity Asian Values

SVB collapse will have limited impact on Asia

Analysts say the collapse of Silicon Valley Bank is not likely to have a major contagion effect in Asia. China and Japan have bucked the trend as global central banks hike rates — with the People’s Bank of China keeping its loan prime

Fidelity Asian Values

Asian currencies rise on weaker dollar

Most Asian currencies strengthened on Monday against a weak dollar, while China’s modest growth target and U.S. Federal Reserve Chair Jerome Powell’s looming testimony prompted investors to turn cautious. The South Korean won and the Indian rupee led

Hardman & Co

Fidelity Asian Values Opportunities from India (VIDEO)

Fidelity Asian Values (LON:FAV) is the topic of conversation when Hardman & Co Analyst Mark Thomas joins DirectorsTalk Interviews. Mark talks us through his latest report entitled ‘India: adding spice to the mix’, explains why Fidelity invest in India,

Fidelity Asian Values

Asian markets mostly higher on global cues

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from global markets overnight, as traders continued to pick up stocks at reduced levels following heavy selling last week. They are also concerned about

Fidelity Asian Values

China’s reopening a positive for world economy

The Chief Asia-Pacific Economist of S&P Global Ratings says China’s COVID policy shift has helped its economic recovery particularly when it comes to consumption and services. He also said China’s reopening will be a positive for the rest

Hardman & Co

Fidelity Asian Values: India – adding spice to the mix

India accounts for 23% of Fidelity Asian Values plc (LONFAS) portfolio and the top two overweight positions, both of which are Financials. In this note, we examine some of the key macro attractions of the that market, which

Fidelity Asian Values

Asian markets track global markets higher

Asian stock markets are mostly higher on Tuesday, following the broadly positive cues from global markets overnight, as traders picked up stocks at reduced levels after last week’s weakness. They also remain cautious and continued to refrain from

Fidelity Asian Values

Asian stocks rise after Fed sees inflation improving

Asian stock markets gained Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices rose. Wall Street’s benchmark

Fidelity International

Fidelity Asian Values: NAV rose 6.7% in 2022 as index fell 10%

Fidelity Asian Values plc (LON:FAS) has published its fact sheet for the period to 31 December 2022. Portfolio Manager Commentary  The Trust’s NAV rose 6.7% during the 12-month period ended 31 December 2022, outperforming its reference index which fell

Fidelity Asian Values

Asian markets mostly higher

Asian stock markets are mostly higher in thin holiday trading on Tuesday, following the broadly positive cues from global markets overnight, boosted by strong gains in technology stocks, which mirrored their peers on the tech-heavy Nasdaq. Traders are

Fidelity Asian Values

Asia stocks advance on China recovery bets

Asian shares held onto last week’s gains at the start of the week with investors reassured by China’s post-Covid resurgence. But while most traders across the region were buoyed by the recovery prospects of the world’s No2 economy

No more posts to show