BEAMSTART Logo

Asia shares struggle, oil tumbles as recession fears heighten

Channel News Asia LogoChannel News Asia1w ago

Asia shares struggle, oil tumbles as recession fears heighten

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.

MSCI's broadest index of Asia-Pacific shares outside Japan eked out a 0.

"Equities have held in well despite the falls in commodities, altogether there has been rotation into low-risk areas of the market and defensive sectors, with predictable outflows from energy and materials stock".U.S.stocks rallied after Powell's remarks, which some analysts said did not break any new ground, before giving up gains.


More Pictures

Asia shares struggle, oil tumbles as recession fears heighten - Channel News Asia (Picture 1)Asia shares struggle, oil tumbles as recession fears heighten - Channel News Asia (Picture 2)

or

Article Details

Category: Economy

Topics: Shares Cent Futures Thursday Market Fell Powell Dollar Lost Prices Recession

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: 5 minutes read

Article Length: 792 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 5524

View Article Analysis

About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 23 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.