News > Asian shares slide on Fed’s aggressive tightening stance

Asian shares slide on Fed’s aggressive tightening stance

Asian shares tumbled on Friday as investors fretted about an increasingly aggressive rate-hike outlook for the United States as well as the fallout for the global economy from lockdowns in China.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1% in morning trade, its sharpest decline in six weeks.