Asian stocks fall to near 1-year low as oil prices stoke inflation worries

SINGAPORE : Asian shares suffered heavy losses early on Tuesday following a broad sell-off on Wall Street, as markets fretted about the impact of multi-year high oil prices at a time when supply chain disruptions are already putting pressure on economic activity.

"We have seen tech stocks outperform value stocks, so if inflation remains a worry, then tech stocks tend to get hit," Menon said.

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Japan's outgoing Finance Minister Aso said he urged BOJ to lower inflation targetTOKYO : Japan's outgoing finance minister, Taro Aso, said on Monday he had proposed lowering the central bank's 2per cent inflation target when prices took a hit from plunging oil prices from 2014 through to 2015.Aso, who was finance minister for nearly nine years, said the oil price slump was among the m
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