Asia Stocks Fall on Cooling Fed Bets, China Rout: Markets Wrap

on Dec 05, 2023 05:52:AM

Asian stocks slid as traders dialed back bets that the Federal Reserve will aggressively cut rates next year and as an extended selloff in China hurt sentiment. The dollar held gains. An index of the region’s stocks was on pace for a third daily drop, with benchmarks in Hong Kong and Japan sliding the most. […]