Risk-off sentiment returned to markets on Thursday as concern about inflation and the risk of global recession overshadowed the Bank of England’s move to restore calm.
The European Central Bank should opt for a “big” increase in interest rates in October, according to Governing Council member Martins Kazaks, who said in an interview that subsequent hikes are likely to be smaller.
Porsche AG gained during its trading debut after parent Volkswagen AG set the final listing price for the sports-car maker at the upper limit in a bid to defy deep market upheaval.
Chinese tech stocks slid as concerns about the Federal Reserve’s aggressive rate hikes and lingering regulatory risks mired the sector’s outlook.
Hong Kong’s market regulator named new division heads to oversee supervision of corporate finance and enforcement, beefing up its senior management team after suffering a string of departures since last year, according to people familiar with the matter.
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