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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Asian Shares Start Week Lower, Tracking Wall St Retreat

A currency trader walks near a screen showing the Korea Composite Stock Price Index (KOSPI) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Oct. 21, 2021. (AP Photo/Lee Jin-man)

Asian shares tumbled Monday after a retreat on Wall Street spurred by disappointing economic data and corporate earnings. Oil prices also slipped.

Investors are awaiting the next move by the US Federal Reserve, which is expected to raise its key interest rate again on Wednesday as it strives to beat back inflation, The Associated Press said.

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