Markets across Asia dropped sharply on Thursday following further indications of the Federal Reserve’s hawkish turn. Many are concerned about the shift in American monetary policy’s potential implications for stocks in Asia.
Four major U.S. banks are set to release their Q4 earnings reports this week. Ahead of an expected increase in interest rates, investors may be waiting to see how these financial firms have performed over the fourth quarter of 2021.
The Hang Seng index dropped on Wednesday as China's technology sector faced up to new government regulations and a tech drop overseas. The trading distress even reached beyond China's borders, as Singapore's Sea Ltd. was hit with a selloff as well.