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Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike

Por: WPLG Local 10 Politics August 14, 2023

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BEIJING – Asian stock markets tumbled Monday after stronger U.S. inflation revived worries the Federal Reserve might hike interest rates again.Hong Kong's main market index plunged 2.4%. Shanghai, Tokyo and Sydney also fell. Oil prices sank.Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July. Earlier data showed consumer prices also rose faster in... + full article



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