Reply To: Traders Market Weekly: The Fed’s Fight Against Inflation


Equity indices in the Asia-Pacific region ended the midweek session on a mostly higher note.

Taiwan Semiconductor Manufacturing Company expects to spend up to $40 bln on capital expenditures in 2023. Australia’s Prime Minister Albanese said that the recent rate hike is a blow for families and that new policies to deal with inflation will be considered. Australia will also look to expand trade with Indonesia and India. The Reserve Bank of India raised its policy repurchase rate by 50 bps to 4.90% against expectations for a 40-bps hike.

—Equity Markets—

Japan’s Nikkei: +1.0%
Hong Kong’s Hang Seng: +2.2%
China’s Shanghai Composite: +0.7%
India’s Sensex: -0.4%
South Korea’s Kospi: UNCH
Australia’s ASX All Ordinaries: +0.4%