๐จ GGMA Markets Briefing: Asian Chip Stocks Slide as RBA Hikes and Signals a Pause
๐ฆ๐บ The RBA raised its cash rate to 4.85%, an 18-year high, in a split vote, and Governor Bullock signalled a pause.
๐ Asian chip stocks slid after the Nasdaq 100 entered a correction, led by South Korea's Kospi.
๐จ๐ณ The yuan ended its longest winning streak since 1996 after the PBOC raised the foreign-exchange reserve ratio.
๐ข๏ธ Oil steadied after Monday's sharp drop on hopes of US-Iran talks.
๐บ๐ธ Americans vote in the midterm elections, with control of Congress at stake.
Today's Macro Roadmap: Swiss CPI is due at 08:30 CET, US JOLTS job openings follow at 16:00 CET, New Zealand's labour market report is out at 22:45 CET, and the first US midterm polls close at midnight CET.
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