19 Dec SE Asia Stocks-Most dip as Fed dashes dovish hopes
Most Southeast Asian shares fell in line
with their Asian peers on Thursday after the U.S. Federal
Reserve kept most of its outlook for further interest rate hikes
in 2019, stoking fears of a blow to economic growth.
Malaysian and Indonesian shares suffered the
worst losses in the region, falling 0.6 percent and 0.5 percent,
as the Fed signalled “some further gradual” rate hikes on
Wednesday, dashing investors’ hopes for a more dovish stance.
with their Asian peers on Thursday after the U.S. Federal
Reserve kept most of its outlook for further interest rate hikes
in 2019, stoking fears of a blow to economic growth.
Malaysian and Indonesian shares suffered the
worst losses in the region, falling 0.6 percent and 0.5 percent,
as the Fed signalled “some further gradual” rate hikes on
Wednesday, dashing investors’ hopes for a more dovish stance.
R
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