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

Belgique Nouvelles Nouvelles

Asian stocks follow Wall Street ahead of likely U.S. rate hike
Belgique Dernières Nouvelles,Belgique Actualités

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.

 

Belgique Dernières Nouvelles, Belgique Actualités

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