image credit: Pixabay

Asian stocks mixed after Wall St falls on inflation fears

May 12, 2021

Via: ABC News

Asian stock markets retreated Wednesday as investors looked ahead to U.S. data they worry will show inflation is picking up.

Shanghai, Tokyo and Southeast Asian markets declined. Hong Kong advanced.

Overnight, Wall Street’s benchmark S&P 500 index lost 0.9% amid concern inflation might accelerate, hampering an economic recovery and dragging on share prices.

More U.S. inflation were due out Wednesday. Investor concern is increasing following a price rise for industrial materials including copper and crude oil.

Read More on ABC News