Asian stocks were lower on Thursday, following losses on Wall Street after minutes from the Federal Reserve showed that central bank officials have seen “little evidence” that inflation is slowing.
Analysts estimate that the US central bank will need to see convincing evidence that inflation has begun to slow before deciding to modify its strategy, adopting a softer stance on policy tightening in the coming months.
On Wall Street, the S&P 500 lost 0.7% on Wednesday, ending a three-day rally, after the Fed’s minutes from its late July meeting showed that officials continued to see inflation at “unacceptable levels.” high levels”.
Investors are worried about the risk that aggressive rate hikes by the Fed and other central banks in Europe and Asia could derail global economic growth.
On the board, the Japanese Nikkei 225 loses 0.9% and retreats to 28,949.82 points.
In Hong Kong the Hang Seng is down 0.9%, while in mainland China the Shanghai Composite is down 0.5%.
South Korea’s Kospi shed 0.25%, while Australia’s S&P-ASX 200 fell 0.2%.