Spreadex Market Update
Asian stocks fell overnight
Asian stocks fell overnight, heading for the longest losing streak since November after comments from the Federal Reserve meeting minutes. Although we are still left in the dark to when the Fed will be reducing their program, we do know is that it is imminent and will most likely happen this year. The support for tapering has given investors an excuse to dump risky assets. Asian shares did pare some of their losses overnight after signs of a recovery in China’s manufacturing sector helped offset the comments from the Fed.
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