Asian stocks further decline on Friday as mounting recession fears loom
Fri, Jun 17, 2022 7:31 AM

Asian stocks further decline on Friday as mounting recession fears loom

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Asian shares witnessed more losses during early deals on Friday amid mounting fears of an economic downturn as monetary policy tightens to fight damaging inflation. Futures indicated losses for stocks in Japan, Australia and Hong Kong. US contracts firmed after the S&P 500 ended at its lowest since December 2020. Technology stocks saw considerable selling, plunging 4% off the Nasdaq 100.

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