BANGKOK — Shares skidded in Asia on Wednesday after another broad decline on Wall Street as markets remain gripped by uncertainty over inflation, rising interest rates and the potential for a recession.
U.S. futures edged higher while oil prices fell back.
A weaker-than-expected U.S. consumer confidence reading highlighted worsening consumer expectations due to persistently high inflation.
That “dragged equities lower as sentiment soured for risky assets,” Anderson Alves of ActivTrades, said in a commentary.
Investors are awaiting comments later in the day by Federal Reserve Chair Jerome Powell and other top central bankers, he said.
Tokyo’s Nikkei 225 index lost 1% to 26,769.52 while the Kospi in Seoul fell 1.4% to 2,386.88. The Hang Seng in Hong Kong declined 1.6% to 22,053.86. The Shanghai Composite index sank 0.8% to 3,383.05.
Australia’s S&P/ASX 200 gave up 1.1% to…
