A wave of selling is likely to crash over Asian markets on Monday following a sobering end to the week on Wall Street, as the reality of 'higher for longer' U.S. interest rates finally
Tech stocks are in the firing line more than most. The Hang Seng tech index is down 17 percent in the past month, hit by higher rates and tighter financial conditions as well as profit-taking following an explosive 77 percent rebound from the low in October.
China’s yuan has 7.00/$ in its sights again, the yen and won are at their lowest this year – domestic Japanese and South Korean monetary policy factors are at play here too – and the Indian rupee is near its all-time low around 83.00 per dollar.
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