scorecardresearchGlobal Markets Wrap: Ugly Selloff Pushes Stocks Down Most Since 2020

Global Markets Wrap: Ugly Selloff Pushes Stocks Down Most Since 2020

Updated: 14 Sep 2022, 07:47 AM IST
TL;DR.
Asian stocks, bonds and currencies tumbled in the wake of the broad-based selloff on Wall Street after hotter-than-expected inflation data fueled bets for jumbo interest-rate hikes by the Federal Reserve.
An employee of a bank walks at a foreign exchange dealing room in Seoul, South Korea, Wednesday, Sept. 14, 2022. Asian markets have skidded lower after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy.  (AP Photo/Lee Jin-man)

An employee of a bank walks at a foreign exchange dealing room in Seoul, South Korea, Wednesday, Sept. 14, 2022. Asian markets have skidded lower after Wall Street fell the most since June 2020 as a report showed inflation has kept a surprisingly strong grip on the U.S. economy. (AP Photo/Lee Jin-man)