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Cathie Wood Says Powell’s ‘Sledgehammer’ To ‘Slay’ Inflation Way More Powerful Than Volcker’s In 1980s: ‘Fed Could Undermine Its Legacy’

By Bhavik Nair
September 26, 10:30 PM
Cathie Wood, the founder of ARK Investment Management, has said the current U.S. monetary policy is significantly more restrictive than in the 1980s when, to kill inflation, former Federal Reserve Chair Paul Volcker had pushed the Fed funds rate up two-fold from 10% to 20%.

ARKK

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Alibaba Rises, Nio Muted But EV Rivals Rally: Hong Kong Stocks Buck The Trend As Asia Markets Bleed

By Bhavik Nair
September 25, 10:31 PM
Hong Kong shares opened in the green on Monday, defying a wider Asia trend as most markets in the region were still plagued by negative sentiment triggered by the U.S. Federal Reserve's aggressive rate hike and outlook.  The benchmark Hang Seng was 0.27% higher in early trading, while bourses in South Korea and Japan plunged over 2%.

BABA

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Alibaba, XPeng Fall Over 1%: Hang Seng Opens Weaker As Investors Continue To Gauge Impact Of US Fed Rate Projections

By Bhavik Nair
September 22, 10:49 PM
Hong Kong stocks opened in the red on Friday, with shares of Alibaba and XPeng falling over 1% each as investors continued to gauge the U.S. Federal Reserve’s rate projections for tackling inflation. The Hang Seng Index fell 0.34% at the open and continues to trade near its 2011 lows.

BABA