Last week’s 25 bp interest rate hike from the Reserve Bank has dealt a hammer blow to consumer sentiment. Westpac’s monthly consumer sentiment survey fell 4.7% to 80.4, with responses during the survey week showing a “very sharp pull-back after the RBA rate hike”. “The sentiment read across the 40% surveyed after the RBA decision The post Aussie consumer sentiment collapses following RBA rate…
Seoul shares turned lower on profit-taking after opening higher Tuesday, as concerns over rising bond yields at multidecade highs weighed on investor sentiment.
