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Dec 6, 20221 min read

Stocks decline from 3-month highs as the dollar strengthens on positive U.S. data


Reuters, SINGAPORE, 6 DECEMBER -


Following good U.S. statistics that once again suggested the Federal Reserve would remain with aggressive interest rate increases longer, Asian markets fell from three-month highs but the dollar held onto gains.

Analysts said markets had already priced in a lot of the positive news, despite investors' continued optimism that China's economy will improve with the relaxation of the nation's zero-COVID policy.


After reaching a three-month high in the previous session, MSCI's largest index of Asia-Pacific equities outside of Japan (.MIAPJ0000PUS) fell 0.4%.

On repeated rumors that China is loosening its pandemic restrictions, the benchmark has increased by 21% from its October




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