Global Markets React to U.S. Inflation Data: Asian Markets Fall, European Futures Decline
Most Asia-Pacific markets fell after U.S. inflation data sent Wall Street lower, with Hong Kong's Hang Seng index gaining, while Japan's Nikkei 225 retreated from 34-year highs. Korean Air receives EU approval for Asiana Airlines merger, and Japan's yen weakens for a seventh straight day. The Dow Jones posts its biggest one-day loss since March 2023, and oil prices rise despite stubborn U.S. inflation. All 11 sectors of the S&P 500 see losses, with real estate stocks leading the index lower.
