Posted 10/13/2023, 10:26:37 AM
Global Markets Slide as US Inflation Spurs Growth Concerns
- Asia and European markets slid on Thursday following higher-than-expected US inflation data and rising bond yields.
- Japan's Nikkei fell 0.55%, Australia's ASX dropped 0.56%, China's Shanghai Composite decreased 0.64%.
- Hong Kong's Hang Seng plunged 2.73% as China reported flat consumer prices and a drop in producer prices.
- The European Stoxx 600 declined 0.85%, Germany's DAX fell 0.91%, France's CAC slid 0.84%.
- Commodities were mixed - crude oil and gold rose while natural gas and copper were down. US futures also declined.
