HONG KONG: Asian markets recovered some of the losses suffered in a morning sell-off Tuesday but investors remain on edge ahead of a key Federal Reserve policy meeting. News of a massive data breach at Facebook fuelled fears of a regulatory crackdown on the technology sector, sparking plunges in New York Monday. The US losses filtered through to Asia in early trade but tech firms in the region bounced back as the day wore on. Investors are keeping a close watch on the Fed’s meeting this week, seeking clues about its timetable for tightening monetary policy. Opinion is split on the number of rate rises it will announce this year, with some forecasting three and others saying four.

Source: Manila Times March 20, 2018 17:03 UTC