Asia shares struggle, oil falls as recession fears linger

Quick Summary

BEIJING/HONG KONG : Asian shares wobbled while commodity prices fell on Thursday as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile.

The Dow Jones Industrial Average fell 0.15 per cent, the S&P 500 lost 0.13 per cent, and the Nasdaq Composite dropped 0.15 per cent.

FILE PHOTO: People wearing protective masks are reflected on an electronic board displaying Japan's stock prices outside a brokerage in Tokyo, Japan, October 5, 2021.

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Article Details

Category: Business

Topics: Recession Reversed Japan Fell Rate Yield Index Prices Dollar Cent Mediacorp

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 10:14:55

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 4 minutes read

Article Length: 639 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5050

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About Channel News Asia

Main Topics: Business

Official Website: channelnewsasia.com

Update Frequency: 16 posts per day

Year Established: 1999

Headquarters: Singapore

Last Updated: 22m ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

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Website Security: Secure (HTTPS)

Publisher ID: #27

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