Emerging market stocks fell on
Wednesday as investors awaited a widely-expected hawkish pause
from the U.S. Federal Reserve later in the day, with a jump in
oil prices and concerns about China s.
China s stocks took a breather from
their recent recovery on Wednesday as investors weighed
geopolitical risks and factors that could impact its property
market, while emerging market currencies were.
Turkey shocks with big rate hike to 25%, boosting lira inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Turkey s central bank hiked
its key interest rate by a larger-than-expected 750 basis points
to 25% on Thursday, sparking a rare lira rally and signalling a
new determination to address rebounding.
Most emerging market currencies were
subdued on Wednesday with investors cautious ahead of the U.S.
Federal Reserve chair s speech this week, while South Africa s
rand rallied after data showed.