SE Asia Stocks-Most decline ahead of Fed policy meeting
Most Southeast Asian stock markets fell
on Monday, with Singapore leading losses, as investors trimmed
their exposure in risky assets a day before the key U.S. Federal
Reserve policy meeting.
A 25 bps cut by the U.S. central bank is all but confirmed,
with the market’s focus now on cues from Fed chairman Jerome
Powell’s guidance about the easing cyc
on Monday, with Singapore leading losses, as investors trimmed
their exposure in risky assets a day before the key U.S. Federal
Reserve policy meeting.
A 25 bps cut by the U.S. central bank is all but confirmed,
with the market’s focus now on cues from Fed chairman Jerome
Powell’s guidance about the easing cyc
Posted by Reuters