Latest Breaking News On - ராக்ஃபெல்லர் இணை - Page 1 : comparemela.com
Asian markets fall on US inflation concerns
Issued on:
14/07/2021 - 05:44 Investors will be waiting to hear Fed Chair Jerome Powell s testimony for indications over the direction of the US central bank s policy following a surprise surge in inflation Daniel SLIM AFP/File 3 min
Hong Kong (AFP)
Asian markets were mostly lower on Wednesday as a surprise surge in US inflation raised investor concerns over the direction of Federal Reserve policy.
They took their cue from Wall Street, where stocks retreated from records after data showed the biggest jump in US inflation in more than a decade.
The consumer price index (CPI) spiked a higher-than-expected 5.4 percent in the 12 months ended in June, not seasonally adjusted, the highest rate since August 2008.
New-yorkUnited-statesSeoulSoult-ukpyolsiSouth-koreaAustraliaTokyoJapanShanghaiChinaHong-kongSydney