Amins
2021-05-11
Damn!!
Markets tumble in Asia as inflation fears haunt trading floors
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarkets tumble in Asia as inflation fears haunt trading floors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-11 11:45 GMT+8 <a href=http://www.straitstimes.com/business/companies-markets/markets-tumble-in-asia-as-inflation-fears-haunt-trading-floors><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HONG KONG (AFP) - Equity markets tumbled in Asian trade on Tuesday (May 11) following steep losses on Wall Street as investors grow increasingly worried about a surge in inflation that could force ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/markets-tumble-in-asia-as-inflation-fears-haunt-trading-floors\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00662":"亚洲金融"},"source_url":"http://www.straitstimes.com/business/companies-markets/markets-tumble-in-asia-as-inflation-fears-haunt-trading-floors","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134965203","content_text":"HONG KONG (AFP) - Equity markets tumbled in Asian trade on Tuesday (May 11) following steep losses on Wall Street as investors grow increasingly worried about a surge in inflation that could force central banks to wind back their ultra-loose monetary policies earlier than forecast.\nAll eyes are on the release this week of crucial data on US retail sales and consumer prices, with expectations for a sharp rise as the world's top economy reopens and vaccines allow people to return to a sense of normality.\nNervousness ahead of the US data sent traders rushing for the doors on Monday. The Dow snapped a three-day streak of records and the S&P 500 lost more than one per cent, while the Nasdaq shed 2.6 per cent with tech firms considered vulnerable to higher borrowing costs.\nAnd Asia followed the lead, with Tokyo, Hong Kong and Taipei all down more than two per cent, while Sydney and Seoul shed more than one per cent with big falls also seen in Shanghai, Singapore, Wellington and Jakarta.\nSingapore's Straits Index was down 0.8 per cent at 10.29am local time.\nA massive miss on US jobs creation last week that indicated the recovery was not going to be as smooth as thought provided some relief from those fears but a rally in commodities - particularly widely used copper and iron ore - has markets concerned that costs will spiral.\nSigns that this is having an effect were seen in data from China that showed prices paid at the country's factory gates rose last month at their fastest pace in four years.\nThose worries continue to hover over trading floors, despite repeated assurances from the Federal Reserve that it will stick to its huge bond-buying and record-low interest rate position for as long as needed until it has unemployment tamed and inflation is running consistently hot.\nWhile Fed bosses have said they see inflation coming in high for a few weeks owing to the low base of comparison from last year, a high reading would ramp up pressure on policymakers to make sure they do not let it get out of hand.\n\"Inflationary concerns will dominate the focus this week, but the base effects are widely priced in and this upcoming reading will likely only serve as a baseline,\" said OANDA strategist Edward Moya.\nAnd there is a feeling that the issue will dog markets for some time, even as investors are confident the global economy is well on the recovery path.\n\"We're going to see volatility definitely over the next couple of months\" given uncertainty over the path of growth, Kristen Bitterly, of Citi Private Bank, told Bloomberg TV.","news_type":1},"isVote":1,"tweetType":1,"viewCount":405,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/199269348"}
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