Most Asian markets drop as record US inflation fans taper talk

shares

HONG KONG (AFP): Asian markets mostly fell on Monday (Sept 13) following another retreat on Wall Street as a surge in US inflation to a record high ramped up concerns the Federal Reserve will be forced to tighten monetary policy sooner than later.

Reports that President Joe Biden was considering a fresh trade probe into China added to the downbeat mood and nullified the optimism sparked by news that he had held talks on Friday with Xi Jinping in a bid to smooth relations between the superpowers.