Global stock markets fell Monday as investors wrestled with fears the Federal Reserve and European central banks might be willing to cause a recession to crush inflation.
A person stands near an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, Dec. 19, 2022, in Tokyo. Asian stock markets fell again Monday as investors wrestled with fears the Federal Reserve and European central banks might be willing to cause a recession to crush inflation. – Wall Street fell Friday after the Fed raised its forecast of how long interest rates have to stay elevated to cool inflation that is near a four-decade high.
On Wall Street, futures for the benchmark S&P 500 index and the Dow Jones Industrial Average were off less than 0.1%. The Nikkei 225 in Tokyo sank 1.1% to 27,226.12 and the Hang Seng in Hong Kong shed 0.5% to 19,359.03.India's Sensex lost 0.8% to 61,337.81. Singapore and Bangkok advanced while New Zealand and Jakarta declined.
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