Asian markets fall on second straight day

By Agence France-Presse

Jan 07, 2022 12:07 am

HONG KONG: Markets fell in Asia on Thursday following a painful sell-off in New York fueled by bets that the Federal Reserve will embark on an aggressive campaign to fight soaring inflation by hiking interest rates several times.

The much-anticipated release of minutes from the US central bank's December policy meeting showed that while officials were concerned about the fast-spreading Omicron coronavirus variant, they were confident the world's top economy was in rude health and able to absorb high borrowing costs.

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