Shares are mostly lower in Asia after Wall Street logged its worst week since the pandemic began in 2020
BANGKOK — Shares were mostly lower in Asia on Monday after Wall Street logged its worst week since the pandemic began in 2020.
Benchmarks declined in Tokyo, Hong Kong, Seoul and Sydney but rose in Shanghai. U.S. futures were higher.
Investors have been growing increasingly worried about how aggressively the Federal Reserve, which holds a policy meeting this week, might act to cool rising inflation.
Historically low rates, dubbed quantitative easing, or QE, have helped support the broader market as the economy absorbed a sharp hit from the pandemic in 2020 and then recovered over the last two years.
“The FOMC (Fed) meeting dominates the macro calendar this…
