Asian stocks and commodities slide

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Россия Новости Новости

Rising interest rates and growth worries unnerve investors

A man wearing a protective face mask talks on his cellphone in front of a screen showing the Nikkei index outside a brokerage in Tokyo, Japan. Picture: REUTERS/ATHIT PERAWONGMETHA

MSCI’s broadest index of Asia-Pacific shares ex-Japan tumbled as much as 2.3% to 515.7, sliding for a seventh straight session and extending losses to 18% so far this year. The benchmark later pared losses to trade down 1.3%. “Softening global growth is the persistent wall of worry for markets as investors look beyond the next 3-6 months. The view on growth momentum seems to be that revenge spending after the pandemic may be affected by higher borrowing costs,” he said.

Hong Kong’s benchmark share index returned from a one-day holiday sharply lower on Tuesday and slumped more than 4% before nearly halving losses. Overnight, US stocks extended Friday’s bruising sell-off as investors rushed to protect themselves against the prospect of a weakening economy. Brent crude fell 1% to $104.75 a barrel and US West Texas Intermediate crude also declined 1.1% to $101.96 a barrel, adding to a 6% slump in the previous session. Both contracts are still up about 35% so far this year.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Asian stocks slide on recession fears over China’s lockdownsThere was no let-up in Beijing's zero-Covid-19 policy, with Shanghai tightening the rules
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

JSE faces continued Asian market pressure on MondayInvestors remain jittery as they consider the willingness of central banks to aggressively fight inflation at the expense of growth
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »

Asian stocks slide on recession fears over China’s lockdownsThere was no let-up in Beijing's zero-Covid-19 policy, with Shanghai tightening the rules
Источник: BDliveSA - 🏆 12. / 63 Прочитайте больше »