Skip to Content
AP National Business

Asia stocks follow Wall St lower ahead of US inflation data

<i></i><br/>
KMIZ

By
Published 11:34 PM

By JOE McDONALD
AP Business Writer

BEIJING (AP) — Asian stock markets have followed Wall Street lower ahead of U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus. Shanghai, Tokyo, Hong Kong and Sydney all retreated. Wall Street’s benchmark S&P 500 index fell 0.7%. Investors had pushed up stocks after anxiety eased about the coronavirus’s latest variant. Investors were looking ahead to U.S. inflation data for November. Fed officials said earlier they were ready to wind down bond purchases and other stimulus sooner if needed to cool inflation, which hit a 30-year high in October.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content