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Asian markets fall on rate concerns
Asian markets fall on rate concerns
Economy
by  AFP

Asian markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer. "This yield surge reflects the market's response to messaging from the Federal Reserve, indicating the central bank's commitment to keeping borrowing costs elevated to combat inflation," said Innes.

China's Evergrande resumes Hong Kong trading
China's Evergrande resumes Hong Kong trading
Economy
by  AFP

Shares in Chinese property giant Evergrande rose as trading resumed on Tuesday, following a suspension last week when the heavily indebted company announced its boss was under criminal investigation. When trading resumed Tuesday, prices initially jumped more than 60 percent before dropping to ten percent and then rising again.