Shares are mostly lower in Asia, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will focus on battling inflation with interest rate hikes
A woman wearing a protective mask in front of an electronic stock board showing Japan's Nikkei 225 and New York Dow indexes at a securities firm Friday, June 10, 2022, in Tokyo. Shares were mostly lower in Asia on Friday, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will focus on battling inflation with interest rate hikes.
The Shanghai Composite index added 0.6% to 3,257.59 after the government reported that consumer price inflation remained muted, at 2.1%, in May. That leaves regulators more room to adjust policy to counter a prolonged economic slowdown worsened by widespread restrictions imposed to counter outbreaks of coronavirus.
The government's quashing of Ant's earlier effort to launch an IPO came amid a broad crackdown on big technology companies that has buffeted markets, especially in Hong Kong where many such companies are traded.European Central Bank said it would raise interest rates next
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