Asian markets are weighed by capital-flight fears rise

On Thursday, Asian markets traded mostly lower, in response to strong economic data out of America overnight that increased the odds of rate surges, dollar strengthening as well as more capital flight from Asia.

Durable goods orders in America ascended 4.8% in October from a month earlier, above the 2.7% revenues predicted by economists polled by The Wall Street Journal. Furthermore, a measure of American consumer sentiment gained in November, thus indicating strengthening confidence in the US economy.

Australian S&P/ASX 200 stood flat, Hong Kong’s Hang Seng Index dropped 0.3%, South Korean Kospi lost 0.8%, while Japanese Nikkei ascended 0.9%.

The data pointed to improved American demand for goods as well as commodities from Asia-Pacific.

However, more considerable for Asia, the data also spurred expectations for interest rate hikes in America, increasing yields and also more capital outflows from emerging Asia.

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