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International Business Times
International Business Times
Business
AFP News

Asian Markets Drop As Traders Temper Rate Cut Bets

Asia Bitcoin US Federal Reserve
After last month's rally traders have turned sellers, and some observers warn the next few weeks could see some volatility (Credit: AFP)

Stocks fell Tuesday, extending the sell-off seen on Wall Street, with analysts warning November's rally fuelled by bets on interest rate cuts may have gone too far, forcing traders to take a step back.

Markets surged last month as data pointing to slowing inflation and softer job markets combined with a dovish turn by Federal Reserve officials to stoke expectations they will next year begin loosening monetary policy.

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