Inflation, rate woes drag shares anew

By Agence France-Presse

Jun 08, 2022 12:18 am

HONG KONG: Stock markets struggled on Tuesday on long-running worries over surging inflation and rising interest rates, which overshadowed hopes that China would ease off its regulatory drive against its beleaguered technology giants.

A spike in United States Treasury yields took the wind out of the proverbial sails for Wall Street, with the focus now on the release of US and Chinese inflation data at the end of the week.

TRADING GROUND Traders work on the new floor of the Chicago Board of Options Exchange in Chicago, Illinois on Monday, June 6, 2022 (June 7 in Manila). AFP PHOTO

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