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Indonesia’s central bank announced a surprise interest rate hike, seeking to halt a currency freefall that risks stoking inflation.
Source
Bloomberg Markets
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Piven faced more than a few hurdles on his path to finding a buyer, with the 6,200-square-foot home bouncing on and off the market over the year, each time with a reduced asking price.
Emerging-market stocks rebounded, led by South Korea, as investors snapped up artificial intelligence shares at lower prices after Monday’s selloff. Developing-nation currencies advanced after Iran and Israel paused hostilities.
Traders are aggressively building short-selling positions in US stocks, while bullish wagers on the tech sector remain stretched, putting the market at risk, according to Citigroup Inc. strategists.
Indonesia may raise interest rate again to shield the rupiah and curb market volatility, according to analysts, after the central bank’s surprise tightening on Tuesday helped the currency rebound from record lows and boosted stocks.
