Philippine peso settled on Thursday
After the central bank raised interest rates for the first time
For over three years, Asian stocks have fallen into concern around
Rapid inflation, impact on retail demand, and threats
Manila inventory fell 1%, but Philippine peso
It increased by 0.2%.The Central Bank of the Philippines
As expected, 25 basis points benchmark interest rate
Deal with rising inflationary pressures.
“Because of the recovery on hand and the surge in price pressure,
Bangko Sentral ng Pilipinas (BSP) has finally decided to join
Rate Hike Club … The bigger development was a quick walkback
With the provisional progress of pandemic support by BSP
We’ve tweaked the bond purchase window, “said Nicholas Antonio Mapa.
Senior economist at ING.
Stocks in this area also tracked Wall Street’s weaknesses
Overnight warned by retail giant Target Corp
Margins increase due to rising fuel costs and fares
Walmart Inc has flagged a similar squeeze.
It was the worst day loss for the S & P 500 and Dow Jones
Industry average since June 2020.
“The focus is now shifting to concerns about the United States.
Growth as the Fed’s tightening is well understood and affordable
Khoon Goh, Head of Asian Studies at ANZ, said:
“The market is currently the US economy
Negative revenue reports from retailers
Overnight, “Go said.
Indian and Taiwanese stocks
Asian markets have each fallen by more than 2%.
The US dollar has fallen, but the local currency has also fallen.
It was relaxed.Risk sentiment remained vulnerable after the U.S. federation
Reserve chair Jerome Powell has ratcheted up hawkish rhetoric.
Korean stocks fell more than 1% while the won won
The country announced plans to ban palm oil exports in April.
It fell by 0.3%.
Singapore’s long-term bonds,
Safe bets and saw yields are down 45 basis points to 2.715%.
** In the Philippines, the top index loser is SM Investments
Corp decreased by 3.45% at 840 pesos.International container
Terminal Services Inc down 1.93% at P213.6
** Thailand’s central bank said it does not need to procure
With the Fed’s interest rate after the rate hike as a domestic factor
That economic recovery will be a major issue in making decisions
With Asian stock indexes
0736 GMT currency
COUNTRY FX RIC FX FX INDE STOCKS STOCKS
DAILY% YTD% X DAILY YTD%
Indonesian-0.31-3.26<.jk a se>
Philippi +0.13-2.65<.ps nes i>
Singapore +0.22-2.87<.st e i>
Thailand +0.07-3.57<.se ti>
(Report by Riya Sharma in Bangalore, edited by Uttaresh.V)
Filipino peso company after rate hike, Asian stocks fall into growth concerns
Source link Filipino peso company after rate hike, Asian stocks fall into growth concerns