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Pedestrians walk past the New York Stock Exchange, on July 8, 2022, in New York. Stocks are opening lower on Wall Street Wednesday, Aug. 17, as traders absorb some discouraging news about how much Americans are spending. (AP Photo/John Minchillo, file)

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Asian stocks follow Wall St down after Fed inflation report
By JOE MCDONALD - AP Business Writer
Wed,08/17/22-2:47AM , 198 Reads
BEIJING (AP) — Asian stock markets followed Wall Street lower Thursday after the Federal Reserve said U.S. inflation is too high, suggesting support for more aggressive interest rate hikes.

Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices edged higher.
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A man wearing a face mask walks by a banner that reads "Prosperous shop for rent" hangs on a vacant shop lot in Beijing, Wednesday, Aug. 17, 2022. Factories in China's southwest have shut down after reservoirs used to generate hydropower ran low in a worsening drought, adding to economic strains at a time when President Xi Jinping is trying to extend his position in power. (AP Photo/Andy Wong)

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China cuts power to factories, homes as reservoirs fall
By JOE MCDONALD - AP Business Writer
Wed,08/17/22-12:15AM , 116 Reads
BEIJING (AP) — Factories in China’s southwest have shut down and a city imposed rolling blackouts after reservoirs to generate hydropower ran low in a worsening drought, adding to economic strains at a time when President Xi Jinping is trying to extend his hold on power.
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Pedestrians walk past the New York Stock Exchange on Friday, July 8, 2022, in New York. Stocks are falling on Wall Street on Wednesday, July 13, 2022, after a highly anticipated report on inflation turned out to be even worse than expected. (AP Photo/John Minchillo, File)

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Asian stocks down after US inflation fuels rate hike fears
By JOE MCDONALD - AP Business Writer
Wed,07/13/22-12:42AM , 98 Reads
BEIJING (AP) — Asian stock markets rose Thursday despite a record-setting U.S. inflation report that pointed to more possible interest rate hikes that investors worry will chill economic growth.

U.S. futures edged lower while oil prices advanced.
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, July 13, 2022. Asian stock markets rose Wednesday as investors waited for U.S. inflation data some worry might lead to more interest rate hikes.(AP Photo/Ahn Young-joon)

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Asian markets rise ahead of US inflation data
By JOE MCDONALD - AP Business Writer
Tue,07/12/22-2:47AM , 189 Reads
BEIJING (AP) — Asian stock markets rose Wednesday as investors waited for U.S. inflation data some worry might lead to more interest rate hikes.

Shanghai, Tokyo, Hong Kong and Seoul rose. Sydney declined. Oil prices rebounded from Tuesday's plunge but stayed below $100 per barrel.
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