Asian markets hit by dimming US rate hopes, Taiwan quake

Hong Kong (AFP) April 3, 2024

Asian markets tumbled Wednesday as investors grow increasingly sceptical that the Federal Reserve will cut interest rates as much as hoped this year, while a massive earthquake in Taiwan added to the sense of gloom. Traders have pushed equities higher for months, driven by optimism that the central bank will begin easing monetary policy this year as inflation comes back towards officials' tw