Asian stocks mixed after Wall St falls amid rate hike unease
ABC News
Asian stock markets are mixed after Wall Street fell as investors watched for signs of whether global central banks will try to cool inflation by speeding up plans to withdraw economic stimulus
BEIJING -- Asian stock markets were mixed Tuesday after Wall Street fell as investors watched for signs of whether global central banks will try to cool inflation by speeding up the withdrawal of economic stimulus.
Shanghai and Hong Kong declined. Tokyo, Seoul and Sydney advanced.
In New York, the benchmark S&P 500 index sank Monday on losses for tech and communications companies.
Investors are trying to figure out how quickly U.S., European and other central banks will withdraw record-low interest rates and other stimulus that are boosting stock prices to cool inflation that is at multi-decade highs.
