The Fed rate hike that tore the global market

    The Federal Reserve released meeting minutes caused market concerns on the 18th April. The minutes of the meeting show that most officials believed that, if the next data confirmed that the United States in the second quarter of an acceleration in the rate of economic growth and labor market conditions continue to improve, the level of inflation toward fed 2% rise, then the Fed may raise interest rates in June.
    As a result, the overall decline in Asian stock markets and the price of gold. The Korea composite stock price index and the Australian stock market led the declines of Asian stocks were down 0.5% and 0.6% respectively. In addition, the dollar continued to go strong, Pacific Time order emerging market currencies slumped majority, RMB exchange rate fell to 3 months post after a slight rebound.