Asian stocks sank following the Federal Reserve possible decision

Asian stocks sank following the Federal Reserve possible decision

Deltafx Admin 31 January 2023

Most Asian stock indices fell today after concerns escalated about possible tough decisions by the Federal Reserve this week and signs of improving economic activity in China.

Despite government data showing China’s manufacturing and services activity expanded strongly in January, returning to pre-Covid 19 levels, the Shanghai Shenzhen CSI 300 and Shanghai Composite China Index rose 1% and 1%, respectively, today. fell 0.5%.

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