Growing fears of a US recession weighed on equities Thursday as traders geared up for the release of key jobs data that could determine the Federal Reserve’s next interest rate decision. | AFP
HONG KONG, China -Growing fears of a US recession weighed on equities Thursday as traders geared up for the release of key jobs data that could determine the Federal Reserve’s next interest rate decision.
Adding to the unease is ongoing uncertainty about the banking sector after last month’s turmoil that saw two US regional banks go under and Credit Suisse taken over.
In Asia, the mood was also broadly downbeat, with business winding down ahead of the long Easter weekend.Hong Kong and Shanghai fell as they reopened after a one-day holiday, while Tokyo was weighed by a strengthening yen. Sydney, Seoul, Singapore, Taipei, Jakarta and Manila were also down.London, Paris and Frankfurt opened higher.
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