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Global Stocks Fall After UK’s Truss Defends Tax Cuts

Started by Epoch-Times-Bot, Sep 29, 2022, 06:35 AM

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Epoch-Times-Bot

Sep 29, 2022, 06:35 AM
Global Stocks Fall After UK's Truss Defends Tax Cuts

BEIJING—European stocks tumbled Thursday and Asian markets were mixed after British Prime Minister Liz Truss defended a tax-cut plan that rattled investors.
London’s market benchmark plunged 2.3 percent and Frankfurt lost 1.9 percent in early trading. Shanghai and Hong Kong also declined. Tokyo and Seoul advanced.
The future for Wall Street’s benchmark S&P 500 index was down 1.3 percent. Oil prices lost more than $1 per barrel after jumping more than $3 the previous day.
Stocks and the British pound fell Tuesday on fears Truss’s tax cuts would push up already high inflation. Markets rebounded Wednesday after the Bank of England said it would buy government bonds to stop a price slide....

Source: Global Stocks Fall After UK's Truss Defends Tax Cuts

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