Markets track Wall Street plunge on inflation woes, dollar rallies - CNA

HONG KONG: Markets tumbled in Asia on Monday (Jun 13) to extend a global rout while the dollar soared after a forecast-beating United States inflation print ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

Wall Street's three main indexes tanked, with the Nasdaq taking the heaviest blow as tech firms - which are susceptible to higher rates - were battered, while European markets were also hammered. As… [+1660 chars]

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