Asia markets open up in spite of hawkish Fed signal

MG News | March 22, 2022 at 09:16 AM GMT+05:00

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March 22, 2022: Asian shares opened higher on Tuesday due to gains in banks, energy and mining stocks, even as investors braced for aggressive U.S. rate hikes and disruption of oil supplies.

Hong Kong stocks opened slightly higher with the benchmark Hang Seng Index up 0.46% at 21,319.19 points. Similarly in Japan, the benchmark Nikkei 225 opened up 0.98% at 27,091.32 points.

South Korea's benchmark KOSPI opened up 0.43% at 2,697.63 points as of 0023GMT.

U.S. Federal Reserve Chairman Jerome Powell on Monday (March 21) flagged a more aggressive tightening of monetary policy than previously anticipated.

Reuters

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Name	Price/Vol	%Chg/NChg
KSE100	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	63,700.00	63,700.00 63,430.00	40.00 0.06%
BRENT CRUDE	86.80	89.90 85.80	-3.58 -3.96%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	1.10 0.90%
ROTTERDAM COAL MONTHLY	131.00	131.00 130.00	-1.75 -1.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	84.29	87.23 83.20	-3.42 -3.90%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%