scorecardresearchAsian stocks slide as Wall Street tips into bear market

Asian stocks slide as Wall Street tips into bear market

Updated: 14 Jun 2022, 07:52 AM IST
TL;DR.
Expectations for aggressive U.S rate hikes rose after inflation in the year to May shot up by a sharper than predicted 8.6%.
In this photo provided by the New York Stock Exchange, trader Michael Conlon works on the floor, Monday, June 13, 2022. Fears about a possible recession are pounding markets worldwide on Monday, and Wall Street's S&P 500 tumbled into the maw of what's known as a bear market after sinking more than 20% below its record set early this year. (Courtney Crow/New York Stock Exchange via AP)

In this photo provided by the New York Stock Exchange, trader Michael Conlon works on the floor, Monday, June 13, 2022. Fears about a possible recession are pounding markets worldwide on Monday, and Wall Street's S&P 500 tumbled into the maw of what's known as a bear market after sinking more than 20% below its record set early this year. (Courtney Crow/New York Stock Exchange via AP)