HONG KONG: Most markets rebounded on Tuesday on bargain-buying following the selloff the day before, but confidence remains at a premium as traders weigh the prospect of more Federal Reserve (Fed) interest rate hikes and a possible recession.
Wall Street suffered another day in the red after last Friday's capitulation in response to a warning from Fed Chairman Jerome Powell that more tightening was needed to bring inflation in the United States down from four-decade highs.
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