Asian markets track Wall St down as recession worries return

Picture of Newsdesk

Newsdesk

wall street

[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Hong Kong: Asian markets fell again Friday after forecast-beating US data fuelled expectations that the Federal Reserve will lift interest rates well into next year. A glum warning from top chipmaker Micron and worries about China’s surging Covid cases added to the less-than-Christmassy mood on trading floors.Investors have been on a rollercoaster ride this month with slowing inflation and an easing of monetary policy hikes offset by central bank warnings that borrowing costs will likely have to go higher than expected.[/vc_column_text][/vc_column][/vc_row]

Related News

Trending

Recent News

Type to Search