(Bloomberg) — Stocks declined as fresh doubts emerged on whether the Federal Reserve has finished tightening policy. The dollar advanced.
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An Asian equity benchmark was set to snap a four-day winning streak as major indexes traded lower. South Korea’s Kospi Index fell over 3% after jumping by the most since 2020 on Monday following a renewed ban on short-selling. Contracts for European and US stocks also slipped.
“Following the stellar rallies across the region yesterday, indexes are giving back some of their gains, with a recovery in bond yields and a firmer US dollar to start the week,” said Jun Rong Yeap, a market analyst at IG Asia Pte.
Traders are now predicting the Fed will lean against the recent easing in financial conditions by saying it will keep its options open on policy. Minneapolis Fed President Neel Kashkari said it’s too soon to declare…
