PERSON WITH INTEREST A trader watches television screens showing Federal Reserve Chairman Jerome Powell announcing a big interest rate increase on the floor of the New York Stock Exchange in New York City on Wednesday, June 15, 2022 (June 16 in Manila). AFP PHOTO
PERSON WITH INTEREST A trader watches television screens showing Federal Reserve Chairman Jerome Powell announcing a big interest rate increase on the floor of the New York Stock Exchange in New York City on Wednesday, June 15, 2022 (June 16 in Manila). AFP PHOTO

HONG KONG: Asian markets were mixed on Thursday as an early rally fueled by a "dovish" Federal Reserve (Fed) interest rate hike gave way to the prospect of an extended period of tight monetary policy.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details