![]() Hong Kong's Hang Seng tumbled 1.2% to 16,507.09. The Shanghai Composite Index lost 0.3% to 3,015.58 and the Nikkei 225 in Tokyo sank 0.5% to 26,260.25. ![]() ![]() The Fed and other central banks in Europe and Asia have raised rates by unusually big margins to cool inflation that is at multi-decade highs, but traders fear they might tip the global economy into recession. “A hawkish reaction to the data could add more pressure to stocks,” Anderson Alves of ActivTrades said in a report. The more closely watched consumer price index was due out Thursday. Wall Street's benchmark S&P 500 ended lower Wednesday after a gauge of producer prices edged lower but still was near a multi-decade high. inflation that investors worry will reinforce the Federal Reserve's plans for more aggressive interest rate hikes. BEIJING - (AP) - Asian stock markets fell Thursday ahead of an update on U.S. ![]()
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