Profit taking weighed on Asian stocks on Wednesday after a record run on Wall Street showed signs of petering out, while the dollar hovered near a four-month high against a basket of currencies following upbeat U.S. data.
Investors’ risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder after the International Monetary Fund cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain’s looming exit from the European Union.
Read More: http://www.reuters.com/article/us-global-markets-idUSKCN10001D
Source: Reuters (20 July 2016)