Asian stocks sank on Friday, with Chinese shares leading losses on persistent concerns over the property market, while data showing a rise in U.S. inflation did little to improve sentiment. A volatile overnight session on Wall Street also provided weak cues to regional markets, after data showed that US consumer price index inflation grew as expected in July from the prior month.

While the reading pushed up bets that the Federal Reserve will keep rates unchanged in September, it still pointed to rates remaining higher for longer.

Asian stocks slide on China jitters

Ask a question

News

Article Frequency

Coverage

Please Sign In To Use The Chat