economic crisis Archives - British Herald
August 18, 2022
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Finance

Asian stocks follow Wall St lower on economy fears

Beijing(China)- Asian stock markets were mostly lower Friday after Wall Street fell on fears that interest rate hikes will depress global economic activity. Tokyo, Seoul and Sydney fell. Shanghai and Hong Kong advanced. Oil prices edged lower but stayed above $115 per barrel. Wall Street’s benchmark S&P 500 index tumbled 3.3% after Britain’s central bank followed the