"Asia-Pacific Markets Tumble as RBA Rate Decision Looms"

1 min read
Source: CNBC
"Asia-Pacific Markets Tumble as RBA Rate Decision Looms"
Photo: CNBC
TL;DR

Hong Kong stocks fell about 3%, leading wider losses in the Asia-Pacific region as investors await a rate decision by the Reserve Bank of Australia. The RBA is expected to maintain a hawkish stance and keep rates unchanged at 4.10%. Meanwhile, Goldman Sachs predicts that shares in a European delivery company will double in the next 12 months, a portfolio manager names five discounted global stocks to buy, and a value investor sees a cheap investment opportunity in a wealth manager's stock. The World Bank forecasts sustained growth but slowing momentum in the Asia-Pacific region, and Bitcoin rises to its highest level since August. Additionally, gold and silver prices drop to their lowest levels since March.

Share this article

Want the full story? Read the original reporting

Read on CNBC