Asian growth stocks and currencies are likely to come under pressure Thursday following hawkish Federal Reserve commentary that indicates policy will remain restrictive for longer, according to fund managers and strategists.
Fed policy makers held their benchmark rate unchanged but kept the door open for another hike this year in comments that dragged down US stocks and pushed Treasury yields higher. Those moves are set to reverberate across Asia and heighten the focus on Friday’s Bank of Japan meeting, according to commentary from the region.
