Asia stocks stumble as Wall Street optimism peters out; STI down 0.6%

The Straits Times LogoThe Straits Times1w ago

Asia stocks stumble as Wall Street optimism peters out; STI down 0.6%

Quick Summary

June 22, 2022 11:17 AMPersistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the US dollar.

Minutes from the Bank of Japan's April policy meeting released on Wednesday showed the central bank's concerns over the impact that the plummeting currency could have on the country's business environment.

The main US share benchmarks rose 2 per cent overnight on the possibility the economic outlook might not be as dire as thought during trade last week when the S&P 500 logged its biggest weekly percentage decline since March 2020.

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Article Details

Category: Business

Topics: Street Peters Optimism Cent Inflation Fell Asia Wall Stumble Stocks Interest

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-22, 11:17:57

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 5 minutes read

Article Length: 784 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 3008

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About The Straits Times

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Year Established: 1845

Headquarters: Singapore

Last Updated: 34m ago

Coverage Areas: Singapore

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