Asian stocks tracked a steep Wall Street selloff on Thursday, as investors fretted over rising global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar held most of its strong overnight gains.
Target's shares plunged 24.88%, the biggest one-day percentage drop since 1987. On Wednesday, the Nasdaq fall almost 5% while the S&P 500 lost 4%.
"It must be said that the concern for inflation has never gone away since we stepped into 2022, however, while things haven't reached the point of no return, they are seemingly heading in the direction of 'out of control'. That, is probably the most worrying part for the market. Data showed on Wednesday that British inflation surged to its highest annual rate since 1982 as energy bills soared, while Canadian inflation rose to 6.8% last month, largely driven by rising food and shelter prices.
"There may be short-term bounces in equities like the last few days, but the big picture is that the era of low yields are over, and we are transitioning to a higher rates environment," Hafeez told the Reuters Global Markets Forum. "This will pressure all the markets that benefited from low yields - especially equities."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Asian markets gain as China COVID progress outweighs Wall Street lossesShares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets.
Consulte Mais informação »
Asian shares track Wall Street's inflation-fueled retreatShares are sharply lower in Asia after a broad retreat on Wall Street
Consulte Mais informação »
Stocks Keep Tanking As Growing Number Of Wall Street Experts Warn About Rising Recession RisksMarkets moved lower again on Monday, struggling to rebound from a brutal selloff in recent months that has caused tech stocks to nose-dive and pushed the S&P 500 to the edge of bear market territory.
Consulte Mais informação »
Wall Street ends sharply higher, fueled by AppleWall Street finished sharply higher on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth.
Consulte Mais informação »
Flight data suggests China Eastern plane deliberately crashed: Wall Street Journal reportBlack box data recovered from a China Eastern flight that crashed in March suggests someone in the cockpit intentionally downed the plane, the Wall Street Journal reported, citing a preliminary assessment from United States officials.
Consulte Mais informação »
GBP/JPY sinks as Wall Street sells off following Target's worst day since Black Monday 1987At 158.20, BP/JPY is down some 2% at the time of writing as risk appetite fades due to concerns about the outlook for global economic growth and risin
Consulte Mais informação »