Skip to comments.Asia stocks hit by fears about emerging markets
Posted on 08/20/2013 2:09:53 AM PDT by John W
HONG KONG (MarketWatch) Asian stocks tumbled Tuesday as spreading worries that a reduction in the Federal Reserves bond purchases would hurt demand for emerging market assets slammed equities in both the regions emerging and developed nations.
Several regional currencies were also weighed amid worries foreign investors were withdrawing funds from the region, with the Indian rupee falling to a fresh record low against the U.S. currency.
The sharp declines came amid rising yields on U.S. Treasurys and as investors looked ahead to the minutes of the Federal Open Market Committees last policy meeting, due Wednesday, for clues on the outlook of individual members of the central banks rate-setting board.
(Excerpt) Read more at marketwatch.com ...
Here we go again, another round of global stock markets intentionally crashing to blackmail the Federal Reserve. This routine occurs at least once a month. Thank you Bernanke for letting the US be held hostage to a global bribery scheme. That’s Obamanomics-in-action, or shall we say, incompetency-in-action?
So, will today be the really bad day that hasn’t been allowed to happen since January 20, 2009? Doubt it.
European shares were broadly lower in morning trade on Tuesday amid continuing concerns over a potential reduction in bond buying by the U.S. central bank. Mining stocks posted the largest losses after earnings releases by BHP Billiton and Glencore-Xstrata weighed on sentiment.