This Aug. 5, 2022 file photo shows a trader staring at screens on the floor of the New York Stock Exchange on Wall Street in New York City. There had been hope that recent indicators showing activity slowing would give the Fed room to be less hawkish. Wednesday's figures come at a sensitive time for world markets, which have been buffeted by a range of other issues, including the war in Ukraine, supply chain snarls and rising China-US tensions over Taiwan. Tech firms led losses in New York, with the Nasdaq off more than 1 percent, and they did so in early Asian trade. Hong Kong led losses, shedding 2 percent, while Shanghai, Tokyo, Sydney, Seoul, Mumbai, Wellington, Taipei, Bangkok and Jakarta also dropped.

Source: Manila Times August 11, 2022 02:54 UTC