Asian markets drop on rate fears as US inflation runs hot
Published
Hong Kong (AFP) Feb 27, 2023
Asian markets sank Monday following a Wall Street selloff, as forecast-beating US inflation data reinforced expectations the Federal Reserve would continue to ramp up interest rates for some time. The report on the personal consumption expenditures price index followed blockbuster jobs figures and data showing prices coming down slower than hoped. This month's readings have wiped out opt