News Formal

Asian stocks follow Wall Street ahead of likely U.S. rate hike

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 99%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Asian stock markets followed Wall Street lower Wednesday as traders prepared for a possible sharp interest rate hike from the U.S. Federal Reserve to cool inflation.

Shanghai, Hong Kong and South Korea declined. Tokyo advanced. Oil prices were little changed, staying below US$100 per barrel.

Investors worry aggressive action against inflation by the Fed and central banks in Europe and Asia might derail global economic growth. On Wall Street, the benchmark S&P 500 index fell 1.2% to 3,921.05. The Dow Jones Industrial Average dropped 0.7% to 31,761.54. The Nasdaq composite closed 1.9% lower at 11,562.57.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nascent U.S. stock rally hangs in balance as Wall Street awaits megacap earningsResults from the four largest companies by market value could help determine whether the stock market can sustain its recent pace
Source: globeandmail - 🏆 5. / 92 Read more »

Google reassures Wall Street with ad business showing resilience - BNN BloombergGoogle parent Alphabet reported second-quarter revenue that met analysts’ expectations, reflecting the internet giant’s resilience amid slowing growth in advertising.
Source: BNNBloomberg - 🏆 83. / 50 Read more »