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Wednesday, May 15, 2024

Asian stocks hit 9-month lows

An investor monitors share prices at Asia Plus Securities on Sathon Road, Bangkok. (Photo: Pornprom Satrabhaya)

SINGAPORE – Asian shares slid to nine-month lows on Thursday, while the dollar was at two-month peak as fears over China’s sluggish economic recovery and concerns that the Federal Reserve may still raise interest rates rattled investors.

MSCI’s broadest index of Asia-Pacific shares outside Japan slid to 495.03, its lowest since Nov 29. It was last down 1.14%…

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