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Asian shares sink on revived worries over recession, China
2 monthes ago | By Boston Herald
By ELAINE KURTENBACH
BANGKOK - Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession.
A U.S. measure of inflation that's closely watched by the Federal Reserve eased in October, raising questions over the central bank's determination to keep raising interest rates to tame price increases.
And activity in American manufacturing contracted in November for the first time since May 2020, according to the Institute for Supply...
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