Asian markets tumble after Powell's comments

By Agence France-Presse

Apr 23, 2022 12:09 am

NEW YORK: Asian markets fell sharply at the open on Friday, trailing losses on Wall Street after the US Federal Reserve (Fed) boss said an interest rate hike was likely forthcoming.

Hong Kong and Tokyo both opened deep in the red even as inflation data from Japan was in line with market expectations and better than elsewhere in the world.

ALARMING REMARKS Photo taken on Wednesday, April 20, 2022 shows the US Federal Reserve in Washington, D.C., the United States. US stocks tumbled after Fed Chairman Jerome Powell signaled the US central bank will have to move more aggressively to counter record US inflation. XINHUA PHOTO

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