Stocks in Asian markets largely rose in the 30/8 session
Stocks in Tokyo, Sydney, Seoul, Singapore, Mumbai, Taipei, Bangkok, Jakarta and Wellington all rallied on the hunt for cheap goods after a recent sell-off.
There is growing concern that the Fed will fight inflation at any cost. This will take a toll on the world’s leading economy, which has fallen into a technical recession after two consecutive quarters of declines.
Terri Spath of Zuma Wealth said markets were fearful that the Fed could create a “hard landing” and cause “pain” to the economy and corporate profits.
At the end of today’s session, the VN-Index increased by 8.59 points to 1,279.39 points; The whole floor has 226 bullish codes, 208 bearish codes and 87 price standing codes.
