07
July
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Asia shares stumble, bonds and dollar find safe-haven demand By Reuters
in News
By Wayne Cole
SYDNEY (Reuters) – Asian share markets stumbled on Wednesday as a bout of risk aversion boosted bonds and the dollar, while investors braced for minutes from the Federal Reserve’s last meeting which should underline a hawkish turn in U.S. monetary policy.
Dealers were hard pressed to find a single catalyst for the sudden change of mood, but a Chinese crackdown on tech companies had clearly had an impact.
Hong Kong stocks shed another 1% to near six-month lows, while U.S.-listed ride-hailing company Didi Global Inc shed more than 20% in New York. Alibaba (NYSE:BABA) Group