Asian stocks fall ahead of US inflation update
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
By JOE McDONALD
Published - Oct 13, 2022, 01:42 AM ET
Last Updated - Jun 24, 2023, 02:51 AM EDT
BEIJING (AP) — 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.
