scorecardresearchAsian markets drop as oil rises and inflation fears ramp up

Asian markets drop as oil rises and inflation fears ramp up

Updated: 09 Jun 2022, 08:47 AM IST
TL;DR.
  • Buyers on Wall Street were in retreat again after data showed US crude and gasoline stockpiles sank, just as the summer driving season begins and leading OPEC member demand would surge further as China reopens.
Tokyo : People wearing protective masks stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, May 9, 2022, in Tokyo. Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment. AP/PTI(AP05_09_2022_000022A)

Tokyo : People wearing protective masks stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, May 9, 2022, in Tokyo. Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment. AP/PTI(AP05_09_2022_000022A)