Asia shares drop as stubborn US inflation stokes worries; STI down 0.7%

May 12, 2022 10:48 AM

SINGAPORE (REUTERS) – Asian stocks fell and the US dollar held firm on Thursday (May 12) as data showed US inflation persistently high, and investors worried about the economic toll of aggressive interest rate hikes to tame it.

Source : https://www.straitstimes.com/business/companies-markets/asia-shares-drop-as-stubborn-us-inflation-stokes-worries-sti-down-07