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The Independent UK
The Independent UK
National
Via AP news wire

Asian shares slide on Wall Street drop that ended last week

Asia US Federal Reserve Jerome Powell IG Inflation Interest Rates United States
Copyright 2022 The Associated Press. All rights reserved

Asian shares declined Monday after the head of the U.S. Federal Reserve indicated high interest rates will continue for some time to curb inflation.

The plunge in early trading in Asia paralleled the drop on Wall Street, where the Dow Jones Industrial Average ended the week sinking more than 1,000 points. A slowdown in the U.S. is damaging to Asia’s export-reliant economies.

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