Asian stocks dive amid China markets sell-off

Tokyo — Asian shares extended a global slump on Friday after the fastest US inflation in four decades and a hawkish European Central Bank bolstered the expectation for more aggressive rate hikes, hammering sentiment already stung by the Ukraine war.

In morning trade in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan skidded 1.7%, as a retreat on Wall Street spilt over on many of the region’s country benchmarks, which turned deeply red. Outside Hong Kong, the losses in Chinese shares were smaller, with the country’s blue-chip index down 1.3%.

“Disappointingly, although widely expected, Russia-Ukraine talks failed to yield a positive outcome,” said Rodrigo Catril, a senior foreign exchange strategist at NAB in Sydney. While markets widely expect the US Federal Reserve to raise the Fed funds target rate by 25 basis points at the conclusion of next week’s monetary policy meeting, the CPI data suggested the Federal Open Market Committee could move “more aggressively” to curb inflation, as promised by Fed chair Jerome Powell last week.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Business Maverick: Xi’s Europe Outreach Aims to Avert East-West Clash For ChinaA flurry of diplomatic calls between Beijing and European capitals shows how President Xi Jinping is trying to keep Russia’s invasion of Ukraine from dragging China into the center of another struggle for global supremacy reminiscent of the Cold War.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »