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Asian shares mostly lower as recession fears deepen

ABC News LogoABC News2 mo ago

Asian shares mostly lower as recession fears deepen

Quick Summary

Asian shares have fallen after Wall Street closed out a miserable September with a loss of 9.

The stunning and swift rise of the U.S.dollar against other currencies, meanwhile, raises the risk of creating so much stress that something cracks somewhere in global markets.

The Fed has been at the forefront of the global campaign to slow economic growth and hurt job markets just enough to undercut inflation but not so much that it causes a recession.


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News Analysis

Category: Nation Politics

Topics: Commodity markets Energy markets Diseases and conditions Lung disease Coronavirus Infectious diseases Crude oil markets Oil and gas exploration and extraction Fina Oil and gas industry Brent crude markets Health Japanese yen Currency markets

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: abcnews.go.com

Readership Location: United States

Published Date: 2022-10-03, 03:40:58

News Timezone: GMT -5:00

Language: English

Original Article Length: 820 words

Reading Duration: 5 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 2788211

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About Publisher

Name: ABC News

Main Topics: NationPolitics

Official Website: abcnews.com

Update Frequency: 24 posts per day

Last Update: 1w ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

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API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #86

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