Stocks slide, dollar rises as growth fears mount

Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Stocks fell and the dollar rose on Friday, beginning the second half of the year much as the first one had ended, only this time with bonds rallying for a change as investors have shifted from worrying about inflation to fearing a global recession. S&P 500 futures fell 1%. MSCI’s index of Asia-Pacific shares outside Japan fell 1%, with the heaviest fall in Taiwan where the growth-sensitive benchmark index slid 3% to its lowest since late 2020. Japan’s Nikkei fell 2%. The Australian and New Zealand dollars each fell 1% to two-year lows. U.S. Treasuries ros…

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