News Formal

Asian stocks fall to near 1-year low as oil prices stoke inflation worries

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

SINGAPORE : Asian shares suffered heavy losses early on Tuesday following a broad sell-off on Wall Street, as markets fretted about the impact of multi-year high oil prices at a time when supply chain disruptions are already putting pressure on economic activity.MSCI's broadest index of Asia-Pacific share

SINGAPORE : Asian shares suffered heavy losses early on Tuesday following a broad sell-off on Wall Street, as markets fretted about the impact of multi-year high oil prices at a time when supply chain disruptions are already putting pressure on economic activity.

"We have seen tech stocks outperform value stocks, so if inflation remains a worry, then tech stocks tend to get hit," Menon said.

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:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan's outgoing Finance Minister Aso said he urged BOJ to lower inflation targetTOKYO : Japan's outgoing finance minister, Taro Aso, said on Monday he had proposed lowering the central bank's 2per cent inflation target when prices took a hit from plunging oil prices from 2014 through to 2015.Aso, who was finance minister for nearly nine years, said the oil price slump was among the m
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »