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Asian Stocks to Dip as Oil Fuels Inflation Worries: Markets Wrap

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Asian Stocks to Dip as Oil Fuels Inflation Worries: Markets Wrap Asian stocks were poised for declines, tracking moves on Wall Street as elevated oil prices continued to stoke inflation concerns. Equity-index futures for Japan, Australia and South Korea pointed to a second day of declines for a regional stock gauge. US stock contracts were little changed after the S&P 500 retreated from a record and the Nasdaq 100 slipped 0.2%.

Asian Stocks to Dip as Oil Fuels Inflation Worries: Markets Wrap Asian stocks were poised for declines, tracking moves on Wall Street as elevated oil prices continued to stoke inflation concerns. Equity-index futures for Japan, Australia and South Korea pointed to a second day of declines for a regional stock gauge. US stock contracts were little changed after the S&P 500 retreated from a record and the Nasdaq 100 slipped 0.2%. The Philadelphia Semiconductor Index fell 1.2%.
Asian (ORG) Japan (LOCATION) Australia (LOCATION) South Korea (LOCATION) US (LOCATION) The Philadelphia Semiconductor (ORG)
Originally published by Bloomberg Markets Read original →