Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, reflecting lingering concerns about a recession and the global economic outlook amid aggressive interest rate hikes by central banks around the world. Asian markets closed mostly lower on Friday.
Adding to the negative sentiment, a reading on inflation said to be preferred by the US Fed showed a more than expected acceleration, which is likely to further convince the Fed that it must maintain its aggressive stance regarding future rate hikes.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com