SINGAPORE - To say the markets started this year on a weak footing would be an understatement.
Global markets have fallen sharply over the past two weeks on concerns of aggressive US Federal Reserve policy tightening and consequent rate hikes. The selling intensified last week after minutes of the central bank's December policy meeting showed a much more hawkish Fed than markets had earlier envisaged.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
