Markets tumble in Asia as inflation fears haunt trading floors

The Straits Times2021-05-11

HONG KONG (AFP) - Equity markets tumbled in Asian trade on Tuesday (May 11) following steep losses on Wall Street as investors grow increasingly worried about a surge in inflation that could force ...

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Comments

pt83
2021-05-11
pt83
Looks like one should keep a close watch to enter the market, if the trend continues ...
TeslaLegend
2021-05-11
TeslaLegend
Like and comment. Thanks!
- Acella:
  ?
Ronchan
2021-05-11
Ronchan
Here we go again... on off fear on inflation
Jrrr92
2021-05-11
Jrrr92
comment and like!
- Irene104:
  Ok. Pls like & comment back. Thanks
Jimmyboy
2021-05-11
Jimmyboy
Good information. Pls like and reply.
ProTrader
2021-05-11
ProTrader
Inflation fears is overrated.
- Jimmyboy:
  Yup
- LEEQF:
  Can reply My comment ?

Leave a comment

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The Dow snapped a three-day streak of records and the S&P 500 lost more than one per cent, while the Nasdaq shed 2.6 per cent with tech firms considered vulnerable to higher borrowing costs.\nAnd Asia followed the lead, with Tokyo, Hong Kong and Taipei all down more than two per cent, while Sydney and Seoul shed more than one per cent with big falls also seen in Shanghai, Singapore, Wellington and Jakarta.\nSingapore's Straits Index was down 0.8 per cent at 10.29am local time.\nA massive miss on US jobs creation last week that indicated the recovery was not going to be as smooth as thought provided some relief from those fears but a rally in commodities - particularly widely used copper and iron ore - has markets concerned that costs will spiral.\nSigns that this is having an effect were seen in data from China that showed prices paid at the country's factory gates rose last month at their fastest pace in four years.\nThose worries continue to hover over trading floors, despite repeated assurances from the Federal Reserve that it will stick to its huge bond-buying and record-low interest rate position for as long as needed until it has unemployment tamed and inflation is running consistently hot.\nWhile Fed bosses have said they see inflation coming in high for a few weeks owing to the low base of comparison from last year, a high reading would ramp up pressure on policymakers to make sure they do not let it get out of hand.\n\"Inflationary concerns will dominate the focus this week, but the base effects are widely priced in and this upcoming reading will likely only serve as a baseline,\" said OANDA strategist Edward Moya.\nAnd there is a feeling that the issue will dog markets for some time, even as investors are confident the global economy is well on the recovery path.\n\"We're going to see volatility definitely over the next couple of months\" given uncertainty over the path of growth, Kristen Bitterly, of Citi Private Bank, told Bloomberg TV.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":199271146,"gmtCreate":1620712944885,"gmtModify":1704347175060,"author":{"id":"3579716456169639","authorId":"3579716456169639","name":"pt83","avatar":"https://static.tigerbbs.com/e748d477cf5569dacd7db9e300a6f437","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579716456169639","authorIdStr":"3579716456169639"},"htmlText":"Looks like one should keep a close watch to enter the market, if the trend continues ...","listText":"Looks like one should keep a close watch to enter the market, if the trend continues ...","text":"Looks like one should keep a close watch to enter the market, if the trend continues ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199271146","repostId":2134965203,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":199258296,"gmtCreate":1620711000915,"gmtModify":1704347147377,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"idStr":"3572489627147183","authorIdStr":"3572489627147183"},"htmlText":"Like and comment. Thanks!","listText":"Like and comment. Thanks!","text":"Like and comment. Thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/199258296","repostId":2134965203,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4289823,"gmtCreate":1620716017796,"gmtModify":1680788077951,"authorId":3563150446821026,"author":{"id":3563150446821026,"idStr":"3563150446821026","authorId":3563150446821026,"name":"Acella","avatar":"https://static.tigerbbs.com/2712c4bb0bfbec4d2773e012189db3bc","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199258296,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"},{"id":199253067,"gmtCreate":1620710616359,"gmtModify":1704347143456,"author":{"id":"3559128077154435","authorId":"3559128077154435","name":"Ronchan","avatar":"https://static.tigerbbs.com/44cc3fba457549bd6dbe449c8aa6c640","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3559128077154435","authorIdStr":"3559128077154435"},"htmlText":"Here we go again... on off fear on inflation","listText":"Here we go again... on off fear on inflation","text":"Here we go again... on off fear on inflation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199253067","repostId":2134965203,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":199225446,"gmtCreate":1620709842485,"gmtModify":1704347138517,"author":{"id":"3561534918172425","authorId":"3561534918172425","name":"Jrrr92","avatar":"https://static.tigerbbs.com/3713f77c17599af04b8943281769ec65","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3561534918172425","authorIdStr":"3561534918172425"},"htmlText":"comment and like!","listText":"comment and like!","text":"comment and like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/199225446","repostId":2134965203,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4289146,"gmtCreate":1620710097522,"gmtModify":1680788070419,"authorId":3579485832735627,"author":{"id":3579485832735627,"idStr":"3579485832735627","authorId":3579485832735627,"name":"Irene104","avatar":"https://static.tigerbbs.com/51a81271b5c1b4f1ca7b728f547fc3ba","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199225446,"type":1,"supId":0,"prevId":0,"content":"Ok. Pls like &amp; comment back. Thanks","text":"Ok. Pls like &amp; comment back. Thanks","html":"Ok. Pls like &amp; comment back. Thanks"}],"langContent":"EN"},{"id":199225308,"gmtCreate":1620709732404,"gmtModify":1704347137528,"author":{"id":"3582072891665879","authorId":"3582072891665879","name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582072891665879","authorIdStr":"3582072891665879"},"htmlText":"Good information. Pls like and reply.","listText":"Good information. Pls like and reply.","text":"Good information. Pls like and reply.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/199225308","repostId":2134965203,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":199226680,"gmtCreate":1620709584840,"gmtModify":1704347135230,"author":{"id":"3552644013304796","authorId":"3552644013304796","name":"ProTrader","avatar":"https://static.tigerbbs.com/f8f0ebf0791ac9302f38deb6ed836df5","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3552644013304796","authorIdStr":"3552644013304796"},"htmlText":"Inflation fears is overrated.&nbsp;","listText":"Inflation fears is overrated.&nbsp;","text":"Inflation fears is overrated.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/199226680","repostId":2134965203,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4289121,"gmtCreate":1620709815628,"gmtModify":1680788071127,"authorId":3582072891665879,"author":{"id":3582072891665879,"idStr":"3582072891665879","authorId":3582072891665879,"name":"Jimmyboy","avatar":"https://static.tigerbbs.com/cb9d5d497bceb3edaca216e9eeab3c22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199226680,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"},{"id":4289104,"gmtCreate":1620709686907,"gmtModify":1680788068978,"authorId":3572235673675008,"author":{"id":3572235673675008,"idStr":"3572235673675008","authorId":3572235673675008,"name":"LEEQF","avatar":"https://static.tigerbbs.com/ead66a2c538631d15658309f808c7d40","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":199226680,"type":1,"supId":0,"prevId":0,"content":"Can reply My comment ?","text":"Can reply My comment ?","html":"Can reply My comment ?"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":57,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2134965203"}