News Snapshot:
BEIJING (AP) — Asian stock markets followed Wall Street lower Monday after the Federal Reserve indicated it might raise interest rates more aggressively to cool U.S. inflation. Shanghai, Tokyo, Hong Kong and South Korea all declined. Oil fell more than $2 per barrel amid concerns global economic growth might weaken. Investors are uneasy about possible downward pressure on economic activity from higher interest rates, Russia’s war on Ukraine and China’s efforts to contain coronavirus outbreaks. Wall Street’s benchmark S&P 500 lost 0.3% on Friday after Fed officials indicated in notes from their last meeting they were considering raising its benchmark...
