Asia-Pacific markets drop around 2% following Wall Street plunge on hot inflation report

MORNING SQUAWK APAC Wednesday, 14 September 2022 Dow tumbles 1,200 points for worst day since June 2020 after hot inflation report The stock market came under pressure after the consumer price index report for August showed higher-than-expected inflation. » Read more Asia-Pacific markets drop around 2% following Wall Street plunge on hot inflation report Shares in the Asia-Pacific slipped around 2% on Wednesday after indexes on Wall Street fell sharply following a higher-than-expected U.S. inflation. » Read more Inflation rose 0.1% in August even with sharp drop in gas prices The consumer price index for August was expected to decrease 0.1% from the previous month and increase 8% from a year ago, according to Dow Jones. » Read more Inflation isn't just about fuel costs anymore, as price increases broaden across the economy Rather than fuel, it was food, shelter and medical services that drove costs higher in August, slapping a costly tax on those least able to afford it. » Read more Next rate hike will spark 'dangerous game' with state of economy: Investor Peter Boockvar Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn't moderating, so the Federal Reserve won't pivot. » Read more Today's Guest Highlights on CNBC All times in SIN/HK 10:00 Kevin O'Leary Chairman / O'Shares Investments Markets and stock picks 11:30 Nicholas Smith Japan Strategist / CLSA Japan markets 12:40 Robert Klein CEO / Bundesliga International 10th anniversary of Bundesliga in Singapore Send to a friend  |  Advertise  |  More newsletters  |  Digital Products  |  Unsubscribe © CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632