Asian markets mostly drop as traders eye more monetary tightening

Hong Kong (AFP) Aug 31, 2022

Most Asian markets resumed their downward trend Wednesday, with traders fearing the Federal Reserve's determination to beat inflation with higher interest rates will tip the world's top economy into recession. After bouncing from their June lows, global equities are once again taking a hiding from worried investors after Fed chief Jerome Powell warned last week the bank would need to tighten