Recession Fears Send Asian Stocks Down.
London, Monday, 19 December 2022
As investors pondered hawkish signals from major central banks that stoked recessionary fears, Asian equities markets declined on Monday.
Rising COVID instances in China further dampened the mood, despite the government's assurances that new policy measures will be implemented to stabilise the economy.
According to reports, the Japanese government and central bank intend to change their policy statement to give the 2% inflation target more leeway.
(Report by: The Decision Maker - Finance editors)