FILE PHOTO: A stockbroker speaks on the phone during a trading session at the Pakistan Stock Exchange (PSX) in Karachi on April 4, 2022. (AFP)
Stocks and commodities tumbled as China’s worsening Covid outbreak compounded fears sparked by faster Federal Reserve tightening.
Hong Kong and Shanghai led the selling, with both markets suffering hefty losses, while Tokyo, Seoul, Singapore, Taipei, Mumbai, Bangkok and Jakarta were also deep in the red. The Stock Exchange of Thailand Index was down 0.7% at 3.10pm.
The Stoxx 600 Europe Index fell 1.5%, with miners and energy firms at the forefront of losses. US equity futures dipped, with S&P 500 futures about 0.7% lower after the gauge shed 2.8% Friday. West Texas Intermediate futures…
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