Asian shares mostly decline on global technology downturn

Asian shares mostly decline on global technology downturn

2 years ago
Anonymous $33nAR-2OaA

https://apnews.com/222378b6fba778e0a16df5b84f2570ae

TOKYO (AP) — Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan's SoftBank, which has reported hefty losses caused by the market downturn.

Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as a minus for share prices.

Asian shares mostly decline on global technology downturn

Aug 9, 2022, 8:21am UTC
https://apnews.com/222378b6fba778e0a16df5b84f2570ae > TOKYO (AP) — Asian shares mostly declined Tuesday amid a global fall in technology shares, including Japan's SoftBank, which has reported hefty losses caused by the market downturn. > Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as a minus for share prices.