- October 20, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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Stocks turned lower on Thursday as investors grew wary that rising inflation would curb corporate profits, following cautionary comments on demand from electric carmaker Tesla. The regional Stoxx 600 fell 0.4 per cent, while the FTSE 100 and Germany’s Dax index lost 0.2 per cent and 0.7 per cent respectively. In Asia, Hong Kong’s Hang Seng index slipped 1.8 per cent, falling to its lowest level in more than 13 years, after the city’s leader John Lee unveiled measures to attract international business to Hong Kong but did not scrap inbound travel or social distancing restrictions.
