Asian markets wobble after strong start

By Agence France-Presse

Jan 07, 2023 12:09 am

HONG KONG: Asian investors struggled Friday to maintain the week's positive momentum as they eyed sharp losses on Wall Street that came after forecast-beating jobs data that suggested the Federal Reserve (Fed) will have to keep lifting interest rates.

Regional markets have enjoyed a strong start to the year, largely thanks to optimism over China's reopening and signs it is toning down its tough talk on a number of issues domestically and geopolitically.

EARLY FLUCTUATION An employee works at an automobile company in Yuyao, east China’s Zhejiang Province, on Thursday, Jan. 5, 2023. Asian investors struggled on Friday to maintain the week’s positive momentum as they eyed sharp losses on Wall Street that came after forecast-beating jobs data that suggested the Federal Reserve will have to keep lifting interest rates. XINHUA PHOTO

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