Asian markets mixed as soft US data raise recession fears
The Tokyo stock market leads losses by shedding more than 1%, with a strong yen adding to the downward pressure. – EPA pic, April 5, 2023.
ASIAN stocks drifted today after a retreat on Wall Street as data showing a softening in the US jobs market pointed to a slowing economy and fuelled fresh fears of a recession. After March’s banking sector-sparked turmoil, markets have enjoyed a few bright weeks on optimism the Federal Reserve will temper its interest rate hikes earlier than thought.
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