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 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 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 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

Asian markets gain after Fed says rate hikes may be needed

BEIJING – Asian stock markets gained Thursday after the Federal Reserve said higher US interest rates might be needed to cool inflation. The Nikkei 225 NIK, + 1.52% in Tokyo gained 0.7%. The Hang Seng HSI, -0.38% in Hong Kong lost 0.4% while the Shanghai Composite Index SHCOMP, + 0.51% rose 0.5%. The Kospi 180721, … Read more

Asian markets slide amid COVID, rate-hike worries

TOKYO – Asian shares declined Thursday, echoing a retreat on Wall Street as investors fretted about higher interest rates and rising coronavirus cases in parts of the region. Japan’s benchmark Nikkei 225 NIK, -0.16% lost 0.2% and Australia’s S & P / ASX 200 XJO, -0.80% edged down 1%. South Korea’s Kospi 180721, -1.00% slipped … Read more

Asian markets slide, following Wall Street’s inflation-fueled retreat

TOKYO – Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that renewed worries over the impact of high inflation. Hong Kong’s Hang Seng led the declines, dropping 2.7%, while Tokyo’s Nikkei 225 index was 2.5% lower. The Dow Jones Industrial Average … Read more

Asian markets mostly rise on interest rate, inflation hopes

TOKYO – Asian shares were mostly higher Wednesday on hopes that the curbs on US interest rates may moderate after new data showed signs of slowing inflation. Benchmarks rose in early trading in Japan, South Korea and Australia, while slipping in mainland China. Regional optimism was lifted by the easing of a COVID-19 lockdown in … Read more

Asian markets follow Wall Street lower as oil prices press higher

Stocks slipped Thursday in Asia following a retreat on Wall Street as crude oil prices rose sharply. Tokyo’s Nikkei 250 NIK, -1.11% lost 1.1% and the Hang Seng HSI, + 0.04% in Hong Kong slipped 0.1%. In Seoul, the Kospi 180721, -0.65% declined 0.6%, while the Shanghai Composite index SHCOMP, -0.57% gave up 0.6%. In … Read more