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Asian stocks follow Wall St down on rate hike, economy fears

admin by admin
May 10, 2022
in Global
Asian stocks follow Wall St down on rate hike, economy fears
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BEIJING (AP) — Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth.

Market benchmarks in Tokyo, Hong Kong, Seoul and Sydney fell. Shanghai advanced. Oil prices fell more than $1 but stayed above $100 per barrel.

Wall Street’s benchmark S&P 500 index tumbled…



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Tags: ASIABusinessEconomic growthEconomyFinancial marketsHong KonginflationPricesSeoulShanghaiSydneyTokyo
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