scorecardresearchInvestors Brace for Profit Squeeze as Inflation Pushes Up Rates

Investors Brace for Profit Squeeze as Inflation Pushes Up Rates

Updated: 14 Sep 2022, 12:41 PM IST
TL;DR.
Investors and strategists in Asia warned of fresh pressure on corporate profits and weakness in currencies across the region following stronger-than-expected US inflation data.
A pedestrian walks past an electronic quotation board displaying the rate of the Japanese yen against the US dollar in Tokyo on September 2, 2022. - The yen plunged to a new 24-year low against the dollar on September 1 as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the US Federal Reserve. (Photo by Philip FONG / AFP)

A pedestrian walks past an electronic quotation board displaying the rate of the Japanese yen against the US dollar in Tokyo on September 2, 2022. - The yen plunged to a new 24-year low against the dollar on September 1 as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the US Federal Reserve. (Photo by Philip FONG / AFP)