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The Independent UK
The Independent UK
National
Joe McDonald

Asian stock markets sink under global recession fears

Copyright 2022 The Associated Press. All rights reserved

Asian stock markets fell again Monday as investors wrestled with fears the Federal Reserve and European central banks might be willing to cause a recession to crush inflation.

Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices rose by almost $1 per barrel but benchmark U.S. crude stayed below $80.

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