London and Frankfurt opened lower. Tokyo and Hong Kong fell, while Shanghai was little changed. Oil prices rose more than US$1 per barrel.
European governments have resisted appeals to boycott Russian gas, Putin's biggest export earner, due to the possible impact on their economies. On Wall Street, the future for the S&P 500 was off 0.5% and that for the Dow Jones Industrial Average retreated 0.4%. On Tuesday, the S&P 500 recorded its first loss in three days and the Dow fell 0.8%. The Nasdaq composite slid 2.3%.
Higher interest rates tend to hurt stocks that are seen as the priciest, which puts the focus on big technology and other high-growth stocks. On Wall Street, Apple and Tesla were some of the biggest weights on the market Tuesday.
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Asia stocks decline amid worries over U.S. rate hikes, RussiaAsian stocks followed Wall Street lower Wednesday after a Federal Reserve official's comments fuelled expectations of more aggressive interest U.S. rate hikes and the White House announced more sanctions on Russia.
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