Asian stocks plunge on concern Fed may scale back stimulus

Source: Bloomberg
Asian shares plummeted on concern the Fed may refrain from its monetary stimulus. The MSCI Asia Pacific Index declined 1.5% to 133.21 at 3:21 p.m. in Tokyo. Japan's Nikkei 225 Stock Average lost 1.4%, South Korea's Kospi Index fell 0.5% after climbing yesterday the most since September. Australia's S&P/ASX 200 Index declined 2.3% and Hong Kong' Hang Seng Index slid 1.9%.
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Thu, 21 Feb 2013 12:26:04 GMT

Wall Street moved down after FOMC minutes

The Wall Street closed in red after a release of the FOMC meeting minutes that showed the Fed may ease or even halt its growth-boosting activities earlier than planned. Furthermore, weaker-than-expected data from the US real estate market put pressure on US equities. The S&P 500 dropped 1.24% to close at 1,511.95. All industries included in the index slid. Meanwhile,

Thu, 21 Feb 2013 10:26:03 GMT

Won halts 2-day rally on speculation Fed may end its asset purchases

The South Korean Won halted its two-day rally amid speculation the Fed may opt out expanding monetary easing to prop up economic growth in the U.S, Korea's second-biggest export partner. The currency fell 0.5% to 1,083.80 per greenback at 10:38 a.m. in Seoul, with one-month volatility climbing 7 basis points to 6.82%.

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