Interest Rate Outlook Extends Sell-off In Asian Markets

Asian stock markets are a sea of red on Monday, following the broadly negative cues from Wall Street on Friday, extending the sell-off amid rising prospects of sharper interest rate hikes by the US Federal Reserve in the near term after comments by US Fed Chair Powell that indicated the US central bank was preparing a 50 bps interest rate hike at its May meeting. Asian markets closed sharply lower

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