A man wearing a face mask stands in front of a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, June 15, 2022. Asian stock markets were mixed Wednesday ahead of the Federal Reserve's announcement of how sharply it will raise interest rates to cool U.S. inflation. – Wall Street's benchmark S&P 500 index lost 0.4% on Tuesday.
The Shanghai Composite Index gained 1.8% to 3,348.58 after Chinese factory activity rebounded in May as anti-virus controls that shut down businesses in Shanghai and other industrial centers eased.Hong Kong's Hang Seng gained 1.6% to 21,396.83 while the Nikkei 225 in Tokyo lost 1.1% to 26,326.16. Britain's central bank also has raised rates, and the European Central Bank says it will do so next month.
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asian stocks slide as Fed hike fears tip Wall St into bear marketAsian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive U.S. interest rate hikes would push the world's largest economy into recession.
Source: Reuters - 🏆 2. / 97 Read more »
Asian benchmarks decline after bear market hits Wall StreetAsian shares fell across the board after Wall Street tumbled into what’s called a bear market, indicating that major U.S. benchmarks and individual stocks have fallen 20% or more from a recent high for a sustained period of time. JoeBiden complete failure Thanks Joe, more importantly thank you everyone that was so offended by mean tweets
Source: AP - 🏆 728. / 51 Read more »
Asian benchmarks decline after bear market hits Wall StreetAsian shares fell across the board after Wall Street tumbled into what’s called a bear market, indicating that major U.S. benchmarks and individual stocks have fallen 20% or more from a recent high for a sustained period of time
Source: WOKVNews - 🏆 247. / 63 Read more »