Thursday, 24 August, 2017, 4:43 PM
Home Business
Asia markets mostly down after rally, dollar weakens
Published : Monday, 20 March, 2017 at 8:05 PM, Update: 20.03.2017 8:07:24 PM, Count : 130

Asia markets mostly down after rally, dollar weakens

Most Asian markets slipped Monday following last week's broad advances, with the dollar suffering fresh selling pressure after the Federal Reserve hinted at a slower-than-expected pace interest rate hikes this year.

With few events to drive buying, investors took a step back following a recent rally across global trading floors while there is a nagging fear that Donald Trump's promised tax cuts and spending splurge could come later than hoped.

"Positive catalysts to further moves higher appear to be lacking at the moment," said Greg McKenna, chief market strategist at AxiTrader, in a note.

"The delay on the details of (Trump's) tax plan is a risk for stocks if US data starts to disappoint."

Wall Street provided a damp lead with Dow and S&P 500 ending lower Friday.


« PreviousNext »

More News...
Editor : Iqbal Sobhan Chowdhury
Published by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka.
Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Fax: 9586659-60, Advertisement: 9513663
E-mail:,,,  [ABOUT US]   [AD RATE]   Developed & Maintenance by i2soft