"Asia-Pacific Markets Tumble as RBA Rate Decision Looms"

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Source: CNBC
"Asia-Pacific Markets Tumble as RBA Rate Decision Looms"
Photo: CNBC
TL;DR Summary

Hong Kong stocks fell about 3%, leading wider losses in the Asia-Pacific region as investors await a rate decision by the Reserve Bank of Australia. The RBA is expected to maintain a hawkish stance and keep rates unchanged at 4.10%. Meanwhile, Goldman Sachs predicts that shares in a European delivery company will double in the next 12 months, a portfolio manager names five discounted global stocks to buy, and a value investor sees a cheap investment opportunity in a wealth manager's stock. The World Bank forecasts sustained growth but slowing momentum in the Asia-Pacific region, and Bitcoin rises to its highest level since August. Additionally, gold and silver prices drop to their lowest levels since March.

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