Asia markets spooked by recession risks, dollar climbs
SYDNEY — Asian share markets slid on Wednesday as surging borrowing costs fed fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.7% to its lowest since April 2020 as selling swept across […]
Asia markets spooked by recession risks, dollar climbs
SYDNEY — Asian share markets slid on Wednesday as surging borrowing costs fed fears of a global recession, spooking investors into the arms of the safe-haven dollar and driving the Chinese yuan to record lows. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.7% to its lowest since April 2020 as selling swept across […]