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Asian markets follow Wall St lower amid gloomy outlook

December 20, 2022
Source: bigrapidsnews.com bigrapidsnews.com
News Snapshot:
This is a carousel. Use Next and Previous buttons to navigate BEIJING (AP) — Asian stock markets extended their losses Tuesday amid gloom about weaker global economic growth as central banks raise interest rates to cool inflation. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices edged higher. Markets are sliding after the U.S. Federal Reserve raised its key lending rate last week and the European Central Bank said more rate hikes are ahead. That fueled investor fears central bankers might be willing to cause a recession to fight inflation that is at multi-decade highs. Wall Street declined Monday for...
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