Asian markets, oil prices extend losses on recession worries

Hong Kong (AFP) June 20, 2022

Asian markets fell again Monday and oil prices extended losses on growing fears that central bank moves to rein in soaring inflation will induce a recession. The losses come after a sell-off last week fuelled by the Federal Reserve's sharp interest rate hike last week - the biggest in nearly 30 years - and a warning of more to come, while increases in Britain and Switzerland added to the g