Asian markets sink on German inflation, British tax cuts

BEIJING — Asian stocks sank again Friday after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. The Nikkei 225 NIK, -2.07% in Tokyo fell 1.8%. The Hang Seng HSI, -0.07% in Hong Kong was about flat while the Shanghai Composite Index SHCOMP, -0.21% … Read more

Asian markets follow Wall Street higher after UK calms markets

BEIJING — Asian stock markets followed Wall Street higher Thursday after Britain’s central bank moved forcefully to stop a budding financial crisis. The Shanghai Composite Index SHCOMP, +0.27% rose 0.83 and the Nikkei 225 NIK, +0.73% in Tokyo gained 0.4%. The Hang Seng in Hong Kong HSI, +1.14% jumped 1%. The Kospi 180721, +1.19% in … Read more

Asian markets slide for the third day in a row on global recession fears

BEIJING — Asian stocks fell for a third straight day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession. The Shanghai Composite Index SHCOMP, -1.08% dropped 0.9% and Hong Kong’s Hang Seng HSI, -0.86% lost 0.7%. The Kospi 180721, -1.48% … Read more

Asian markets pull back ahead of Fed decision on interest rates

TOKYO — Asian shares mostly declined Wednesday as investors looked ahead to a widely expected interest rate hike by the US Federal Reserve as it works to squash the highest inflation in decades. Japan’s benchmark Nikkei 225 NIK, -1.37% dipped 1.4% in morning trading. Australia’s S&P/ASX 200 XJO, -1.42% dropped 1.4% while South Korea’s Kospi … Read more

Asian markets follow Wall Street lower amid inflation pressure

BEIJING — Asian stock markets followed Wall Street lower on Friday after higher-than-expected US inflation dashed hopes the Federal Reserve might ease off more interest rate hikes. The Nikkei 225 NIK, -1.02% in Tokyo fell 1.1%. The Hang Seng HSI, -0.42% in Hong Kong retreated 0.5%, while the Shanghai Composite index SHCOMP, -0.96% lost 1%. … Read more

Asian markets dive lower after Wall Street slammed by inflation data

Asian markets skidded lower on Wednesday after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the US economy. Tokyo’s benchmark Nikkei 225 NIK, -2.11% lost 2.2% in early trading Wednesday, while Sydney’s S&P/ASX 200 XJO, -2.57% declined 2.6%. In Seoul, the Kospi 180721, … Read more

Asian markets rise on the back of Wall Street’s Friday rally

Shares rose Monday in Asia after last week’s strong close on Wall Street snapped a three-week losing streak. Many regional markets were closed for holidays, while Tokyo and Sydney advanced. Oil prices declined. Investors are watching for US inflation figures and Chinese economic data this week. The US Labor Department will release its report on … Read more

Asian markets mixed ahead of latest US jobs data

BEIJING — Asian stock markets were mixed Friday ahead of US jobs data that might influence Federal Reserve plans for more interest rate hikes to cool surging inflation. The Nikkei 225 NIK, -0.04% in Tokyo lost 0.1%. The Hang Seng HSI, -0.62% in Hong Kong fell 0.6% while the Shanghai Composite Index SHCOMP, +0.28% added … Read more

Asian stocks mixed after Wall Street pullback on hawkish Fed

BEIJING (AP) — Asian stocks were mixed Tuesday after Wall Street fell following last week’s Federal Reserve pledge to fight inflation by keeping interest rates elevated. Shanghai and Hong Kong fell while Tokyo and South Korea advanced. Oil prices retreated. Wall Street’s benchmark S&P 500 index lost 0.7% on Monday, adding to last week’s losses. … Read more

Asian markets mostly higher as markets await Friday’s speech from Fed’s Powell

TOKYO — Asian shares were mostly higher Thursday as Wall Street and global markets wait for a highly anticipated speech from the US Federal Reserve chair about interest rates at the end of the week. Market watchers say share prices were likely to sway for some time, regardless of whether the focus was on controlling … Read more