Stocks dive on surging inflation, Ukraine risks; China markets sell-off
By Reuters
Published March 10, 2022
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Asian shares extended a global slump on Friday after the fastest U.S. inflation in four decades and a hawkish European Central Bank (ECB) bolstered expectations for more aggressive rate hikes, hammering sentiment already stung by the Ukraine war.
Sellers swarmed Chinese equity markets after U.S.-listed Chinese stocks tumbled following the naming of the first Chinese firms to be potentially de-listed in the United States.
Risk appetite suffered more broadly as investors braced for faster tightening of monetary conditions after data on Thursday showed a 7.9% annualised jump in U.S. consumer inflation in February, the largest increase in 40 years.
https://www.rawstory.com/stocks-dive-on-surging-inflation-ukraine-risks-china-markets-sell-off/