A man walks past a billboard showing the Hang Seng Index in Hong Kong on September 1, 2022. Photo: EPA-EFE
A man walks past a billboard showing the Hang Seng Index in Hong Kong on September 1, 2022. Photo: EPA-EFE

Asia stocks follow overnight US equities plunge after US inflation stokes fears of more aggressive interest-rate hikes

  • All 73 members of the Hang Seng Index but four drop as the index slumps 2.5 per cent after US inflation accelerates at a faster-than-estimated pace
  • Benchmarks in Japan and Australia fall by more than 2 per cent on the back of the biggest declines in US stocks in more than two years

A man walks past a billboard showing the Hang Seng Index in Hong Kong on September 1, 2022. Photo: EPA-EFE
A man walks past a billboard showing the Hang Seng Index in Hong Kong on September 1, 2022. Photo: EPA-EFE
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