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Asian Stocks Declined Today and This is Why?

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Inflation pressure and China Risk have seen Asian markets declined Wednesday. The Asian stocks fell  as traders evaluated more evidence of intensifying global price pressures, a flareup in U.S.-China tension and the earnings outlook.

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Equities fell in Japan, Hong Kong and China, where authorities told billionaire Hui Ka Yan to use his personal wealth to alleviate China Evergrande Group’s deepening debt crisis. The U.S. also cranked up tensions with Beijing by banning China Telecom (Americas) Corp., as the world’s two largest economies clash over issues ranging from the coronavirus to cyber-espionage.

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