Stocks and oil drop as dollar gains on recession, Ukraine fears

Hong Kong (AFP) Sept 28, 2022

Equities and crude prices fell, while the dollar held at multi-year highs Wednesday as recession fears mount, while traders are also growing increasingly concerned about tensions with Russia after it declared victory in controversial Ukraine annexation polls. Investors are also keeping a close eye on London, after new finance minister Kwasi Kwarteng's tax-cutting mini-budget last week sent s