2 months ago

Asia Stock Markets Slide as Reserve Bank of Australia Warns of High Inflation

Benzinga
Benzinga
Asia stock markets fell across the board as traders parsed minutes from the Reserve Bank of Australia for its policy meeting on Sept. 5 where the bank had said that inflation in Australia is still "too high." In Australia, the S&P/ASX 200 fell 0.47%, while South Korea's Kospi and Kosdaq were down 0.74% and 0.98% respectively. Japan's Nikkei 225 slumped 1.09% upon its return from a public holiday. The RBA said further policy tightening may be required if inflation is more persistent than expected.

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