"Central Bank Packed Week Sends Asian Shares Tumbling"

1 min read
Source: Reuters
"Central Bank Packed Week Sends Asian Shares Tumbling"
Photo: Reuters
TL;DR Summary

Asian shares fell as investors braced for a week packed with central bank meetings, including the Federal Reserve and the Bank of Japan. The dollar remained firm, and oil prices were close to 10-month highs. Chinese property developers listed in Hong Kong tumbled after China Evergrande Group experienced a 20% plunge due to police detaining some staff at its wealth management unit. The focus this week will be on the updated economic and rates projections from the Fed, as well as any indications from the Bank of Japan about its ultra-loose policy.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

3 min

vs 4 min read

Condensed

88%

73692 words

Want the full story? Read the original article

Read on Reuters