Asian stock markets closed at a general low this Friday (11), after strong US inflation data and comments favorable to the withdrawal of stimulus by a Federal Reserve official (Fed, the American central bank) reinforced expectations of an aggressive trajectory of rising interest rates in the world’s largest economy.
In mainland China, the Shanghai Composite dropped 0.66% to 3,462.95 points, and the less comprehensive Shenzhen Composite dropped more significantly, by 1.72%, to 2,262.96 points.
Elsewhere in Asia, Hang Seng dropped 0.07% in Hong Kong at 24,906.66 points, while South Korean Kospi dropped 0.87% in Seoul at 2,747.71 points, breaking a streak. of three earnings sessions.
Taiex lost 0.15% in Taiwan, at 18,310.94 points. In Tokyo, the exchange did not operate today due to a national holiday in Japan.
The bad mood in the Asian region came after the latest US consumer inflation (CPI) figures beat analysts’ forecasts, reinforcing fears that the Fed will have to raise interest rates more aggressively throughout the year.
To make matters worse, the president of the American BC district in St. Louis, James Bullard, advocated that interest rates be raised by 100 basis points until July. This dismal picture sent the New York stock market crashing on Thursday.
In Oceania, the Australian stock exchange also felt the impact of US interest rate concerns, and the S&P/ASX 200 fell 0.98% in Sydney, at 7,217.30 points.
Source: CNN Brasil
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