Wall Street

Asian stocks slide as recession fears send Wall St into bear market

Published by
Reuters UK

By Scott Murdoch HONG KONG (Reuters) – Asian shares tumbled on Tuesday after Wall Street officially entered bear market territory and bond yields hit a two-decade high on fears aggressive U.S. interest rate hikes would push the world’s largest economy into recession. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.9% early in Asia. Australian shares S&P/ASX200 sank 5% in early trade, while Japan’s Nikkei stock index was down 1.74%. The negative tone in Asia follows a bleak session in the U.S on Monday, which saw Goldman Sachs forecast a 75 basis point interest rate hike a…

Read More

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