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Stock market today: Asian shares slide after tech, rising oil prices drag Wall St lower

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Shares have declined in Asia after falling on Wall Street ahead of a highly anticipated report on U.S. inflation due later in the day. Oil prices were little changed.

Regional markets have been relatively quiet ahead of this week’s release of Chinese and U.S. economic data.

with its avalanche of hikes to interest rates. The central bank has already pushed its main interest rate to the highest level in more than two decades, trying to get inflation back down to its target of 2%. “This scenario underscores the delicate balance between energy costs, inflationary pressures, and the central bank’s monetary policy actions, which can have profound implications for the broader economic landscape,” he said.

 

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