Friday, June 6, 2025
No Result
View All Result
newshub
  • Global news
  • Financial insights
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Europe
    • Banking
    • Corporate
    • Neobanking
    • Investment
    • Japan
    • South East Asia
    • Stock of the week
    • UK
    • US
  • Fin & tech
    • AI
    • Blockchain
    • Crypto
    • MSTRpay
    • Tech
  • Climate & energy
    • Climate
    • Carbon
    • Coal
    • Disruptive
    • Gas
    • Nuclear
    • Oil
    • Solar
    • Water
    • Waves
    • Wind
    • Renewable
    • South America
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
  • WEX
    • Alt Kap Holding AB
    • Digital Network Holding, Inc.
    • Fantas-E AB
    • International Clean Energy Inc.
    • Intritum Partner Limited
    • Intritum Recycling GH Limited
    • MSTRpay AB
    • SWAP Services, Inc.
    • VMT Holding, Inc.
    • Universal Streaming Technologies – USTA
    • TC Unterhaltungselektronik AG
  • Global news
  • Financial insights
    • Africa
    • Asia
    • Australia
    • Central Banks
    • China
    • Commodities
    • Europe
    • Banking
    • Corporate
    • Neobanking
    • Investment
    • Japan
    • South East Asia
    • Stock of the week
    • UK
    • US
  • Fin & tech
    • AI
    • Blockchain
    • Crypto
    • MSTRpay
    • Tech
  • Climate & energy
    • Climate
    • Carbon
    • Coal
    • Disruptive
    • Gas
    • Nuclear
    • Oil
    • Solar
    • Water
    • Waves
    • Wind
    • Renewable
    • South America
  • Lifestyle
    • Best chefs
    • Cocktail of the week
    • History
    • Influential women
  • WEX
    • Alt Kap Holding AB
    • Digital Network Holding, Inc.
    • Fantas-E AB
    • International Clean Energy Inc.
    • Intritum Partner Limited
    • Intritum Recycling GH Limited
    • MSTRpay AB
    • SWAP Services, Inc.
    • VMT Holding, Inc.
    • Universal Streaming Technologies – USTA
    • TC Unterhaltungselektronik AG
No Result
View All Result
newshub
No Result
View All Result
ADVERTISEMENT

Asian stocks fall ahead of US inflation update

2022/10/13/08:58 - Updated on 2022/10/23/09:34
in Asia, China, Financial insights
Reading Time: 3 mins read
250 3
A A
Asian stocks fall ahead of US inflation update
MSTRpay MSTRpay MSTRpay
ADVERTISEMENT

Asian stock markets have fallen ahead of the release of U.S. consumer price data that investors worry will show inflation still is hot, reinforcing the Federal Reserve’s plans for more aggressive interest rate hikes

Asian stock markets fell Thursday ahead of an update on U.S. inflation that investors worry will reinforce the Federal Reserve’s plans for more aggressive interest rate hikes.

Shanghai, Tokyo, Hong Kong and Seoul declined. Oil prices edged lower.

Wall Street’s benchmark S&P 500 ended lower Wednesday after inflation in producer prices edged down but still was near a multi-decade high.

The more closely watched consumer price index was due out later Thursday.

“A hawkish reaction to the data could add more pressure to stocks,” Anderson Alves of ActivTrades said in a report.

The Fed and other central banks in Europe and Asia have raised rates by unusually big margins to cool inflation that is at multi-decade highs, but traders are afraid they might tip the global economy into recession.

The Shanghai Composite Index lost 0.1% to 3,021.76 and the Nikkei 225 in Tokyo sank 0.5% to 26,275.00. Hong Kong’s Hang Seng tumbled 1.2% to 16,510.25.

The Kospi in Seoul fell 1.4% to 2,171.41 while Sydney’s S&P-ASX 200 gained less than 0.1% to 6,651.00.

India’s Sensex opened down 0.6% at 57,295.57. New Zealand and Southeast Asian markets declined.

On Wall Street, the S&P 500 gave up 0.3% to 3,577.03 on Wednesday for its sixth daily decline after a report showed inflation in producer prices is very hot.

Prices rose 8.5% in September, down from March’s peak of 11.7%. But prices rose 0.4% compared with August following two months of declines.

Consumer inflation on Thursday and retail sales data Friday could give a clearer picture of where prices are hottest and how consumers are reacting.

The S&P 500 is down 25% so far this year and close to a two-year low.

The Dow Jones Industrial Average slipped 0.1% to 29,210.85. The Nasdaq composite lost 0.1% to 10,417.10. Both are on pace for a weekly loss.

Minutes from the Fed’s last meeting, released Wednesday, underscored the central bank’s commitment to taming “unacceptably high” inflation.

Also Wednesday, the British pound weakened against the U.S. dollar after the governor of the Bank of England, Andrew Bailey, confirmed Britain’s central bank will not extend beyond Friday an emergency debt-buying plan to stabilize financial markets.

The dollar’s exchange rate has been rising against other currencies due to the Fed’s rate hikes and recession fears.

The yen declined further to 146.85 to the dollar after hitting a 24-year low of 145.85 on Wednesday.

The prompted expectations Japan’s central bank might intervene again to prop up the yen’s exchange rate following an earlier intervention in September.

In energy markets, benchmark U.S. crude gained 5 cents to $87.32 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price basis for international oil trading, added 18 cents to $92.63 per barrel in London.

The euro declined to 96.02 cents from 97.06 cents.

Source: abcNEWS

Related Posts

European markets open cautiously amid global optimism
Europe

European markets edge lower after ECB rate cut and political shocks

by newshub
11 hours ago

European markets opened in negative territory on Friday, slipping back after the European Central Bank’s widely anticipated interest rate cut...

Read moreDetails
Auto DUS – Falling stocks, climbing mortgage rates: how 5% Treasury yields could roil marketsraft

Markets await jobs data as Asia mixed and ECB hints at pause

13 hours ago
EU-UK relations: Council greenlights extension of current rules of origin for electric vehicles until the end of 2026

Markets steady as Europe opens quietly and Wall Street braces for tech data

1 day ago
Asian shares fall as China protests, lockdowns cloud outlook

Asia mixed as Europe awaits ECB, US eyes data

2 days ago
Wall Street selloff caps brutal week for markets as Trump tariffs rattle investors

Wall Street hesitates as jobs data disappoint and trade tensions rise

2 days ago
Asian markets rally as US jobs data lifts trade war fears

Asian markets rally as US jobs data lifts trade war fears

3 days ago
No Result
View All Result

Recent Posts

  • Sir David: Beckham to be knighted by King Charles in long-awaited honour
  • European markets edge lower after ECB rate cut and political shocks
  • Robert F. Kennedy dies from from shot wounds
  • Russia escalates aerial assault on Kyiv
  • Musk signals ambition to launch his own political party

Recent Comments

    Archives

    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Recent Posts

    • Sir David: Beckham to be knighted by King Charles in long-awaited honour
    • European markets edge lower after ECB rate cut and political shocks
    • Robert F. Kennedy dies from from shot wounds
    • Russia escalates aerial assault on Kyiv
    • Musk signals ambition to launch his own political party

    Categories

    • Africa
    • AI
    • An diesem Tag
    • Asia
    • Australia
    • Banking
    • Best chefs
    • Biden
    • Blockchain
    • Blockchain technology
    • Carbon
    • Central Banks
    • China
    • Climate
    • Climate & Energy
    • Coal
    • Cocktail of the week
    • Commodities
    • Corporate
    • Crypto
    • Deutsch
    • Deutsch PR
    • English PR
    • Europe
    • Financial insights
    • Focus on neobanking
    • Gas
    • Global news
    • Harris
    • History
    • India
    • Influential women
    • Invest and Rest
    • Italiano PR
    • Japan
    • Lifestyle
    • Metaverse
    • MSTRpay
    • Neobanking
    • News
    • newshub special
    • newshub-special
    • NFT
    • Nobel Prizes 2024
    • Nuclear
    • Oil
    • Press
    • Press releases
    • Pressroom
    • Renewable
    • Russia
    • Solar
    • South America
    • South East Asia
    • Stock of the week
    • Stocks
    • Svensk PR
    • Tech
    • Trump
    • Trump trials
    • UFO
    • UK
    • UK News
    • Ukraine
    • US
    • US politics
    • Waves
    • WEX
    • Wind

    Archives

    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    newshub

    © 2023-2025
    MSTRpay & PAXIT
    Legal & Disclosure

    • Global news
    • Financial insights
    • Fin & tech
    • Climate & energy
    • Lifestyle
    • WEX

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • Global news
    • Financial insights
      • Africa
      • Asia
      • Australia
      • Central Banks
      • China
      • Commodities
      • Europe
      • Banking
      • Corporate
      • Neobanking
      • Investment
      • Japan
      • South East Asia
      • Stock of the week
      • UK
      • US
    • Fin & tech
      • AI
      • Blockchain
      • Crypto
      • MSTRpay
      • Tech
    • Climate & energy
      • Climate
      • Carbon
      • Coal
      • Disruptive
      • Gas
      • Nuclear
      • Oil
      • Solar
      • Water
      • Waves
      • Wind
      • Renewable
      • South America
    • Lifestyle
      • Best chefs
      • Cocktail of the week
      • History
      • Influential women
    • WEX
      • Alt Kap Holding AB
      • Digital Network Holding, Inc.
      • Fantas-E AB
      • International Clean Energy Inc.
      • Intritum Partner Limited
      • Intritum Recycling GH Limited
      • MSTRpay AB
      • SWAP Services, Inc.
      • VMT Holding, Inc.
      • Universal Streaming Technologies – USTA
      • TC Unterhaltungselektronik AG

    © 2023-2025
    MSTRpay & PAXIT
    Legal & Disclosure