Asian Market BLOODBATH: Why Are Asian Stocks Crashing?
Photo: CaptainAltcoin
Asian stock markets were hit by a brutal sell-off on Thursday as hotter-than-expected U.S. inflation revived fears that the Federal Reserve may keep interest rates higher for longer. South Korea took the biggest hit. The KOSPI fell nearly 8%, triggering a circuit breaker during the session. Japan’s Nikkei dropped around 5%, with heavy losses across technology and semiconductor stocks. China and Taiwan also moved lower. Estimates circulating across the market put the combined destruction in equity value above $900 billion. Reuters Why Are Asian Markets Crashing? The trigger came from the latest U.S. CPI report.
Source: CaptainAltcoin
