Markets mostly fall as early Fed rate hike rally fades

Hong Kong (AFP) June 16, 2022

Equity markets mostly fell Thursday and the dollar advanced as an early rally fuelled by a "dovish" Federal Reserve interest rate hike gave way to the prospect of an extended period of tight monetary policy. Traders tracked a strong performance on Wall Street at the Asia open as the US central bank move signalled it is intent on fighting runaway prices, while its boss Jerome Powell said such