A file photo showing the sign of the International Monetary Fund at the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA. The IMF lowered its 2014 global growth estimate to 3.3% from 3.4% tipped in July, warning of stagnation in advanced economies - EPA Photo.
HONG KONG: Asian markets mostly slipped on Wednesday following a US and European sell-off that came in response to more weak German data and the IMF's trimming of its growth forecast for the global economy.
The dollar clawed back some of the losses it suffered in New York, but with caution taking over among traders, it is struggling to return to the six-year highs above 110 yen it touched last week.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
