Wednesday, 24 Feb 2021 09:38 AM MYT
In early Asia trade, Australia s S&P/ASX 200 was down 0.5 per cent, South Korea s KOSPI shed 0.4 per cent while Japan s Nikkei 225 was down 0.9 per cent. ― Reuters pic
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MIAMI, Feb 23 ― Asian equities opened lower today on concerns about rising interest rates and rich equity valuations and following a downdraft in US and European overnight trading.
The Dow and S&P 500 recouped early losses after Federal Reserve Chair Jerome Powell reiterated in testimony before the Senate Banking Committee that monetary policy would remain accommodative and would not change without advance warning.
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