Asian stocks battle as focus turns to the US Fed
Traders await Fed chair Jerome Powell’s speech at a gathering of central bankers
23 August 2019 - 08:05
Tokyo — Asian shares struggled to make headway on Friday as uncertainty over how much further the US Federal Reserve would cut interest rates added to investors’ worries over slowing global growth.
With a trade war between the US and China dragging on, and political tumult in Hong Kong, Italy and Britain adding to the tense backdrop, investors were keenly awaiting Fed chair Jerome Powell’s speech at a gathering of central bankers in Jackson Hole, Wyoming, later in the day (2pm GMT)...
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