Wall Street

Asian stocks lose bounce from shorter China quarantine, slip on inflation fears

Published by

By Sam Byford TOKYO (Reuters) – Stocks fell across Asia on Wednesday morning, extending overnight losses on Wall Street amid concerns over recession, inflation and high oil prices, which also boosted the safe-haven dollar. Japan’s Nikkei index fell 1.01% in early trading, while MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1%, dragged lower by Australian shares, off 1.29%, and Korea’s KOSPI, down 1.57%. Asian shares had ended the previous session on a positive trajectory after China announced an easing of its quarantine requirements for inbound passengers, in what some obse…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street