BANGKOK: Chinese markets were down marginally after reopening after a week-long holiday, leading to a fall in Asian stocks on Monday.

The fall came after another disappointing week on Wall Street as worries grew that the Federal Reserve may interpret stronger-than-expected recruitment data as evidence that the economy has not slowed enough to bring inflation under control. . This could lead to further significant rate hikes that could increase the chances of a recession.

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One of the major market impacts this week will be a report on US consumer prices that will be released on Thursday. Investors are also eagerly waiting for the latest information on how businesses are coping with rising costs and interest rates.

Taiwan, South Korea and Tokyo all closed markets on Monday. The Shanghai Composite Index fell 0.4% to 3,012.58, while the Hong Kong Hang Seng fell 2.5% to 17,298.32. The SET in Bangkok fell 0.6%, while the Sensex in India fell 1.2%.

Late on Friday, the dollar rose from 145.34 to 145.44 Japanese yen, reversing its stance on Japan's central bank to keep its benchmark interest rate below zero to prevent deflation to counter the yen's long decline. The pressure is increasing for

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Japan prices are rising as a result of rising oil and gas prices as well as global inflation, but the Bank of Japan has maintained its ultra-lax monetary policy in contrast to the Fed's aggressive rate hikes. Higher anticipated returns have increased the value of the dollar relative to the yen.

The S&P 500 fell 2.8% to 3,639.66 on Friday. It gained 1.5% on the week, recording its first weekly gain in four weeks. At 29,296.79, the Dow Jones Industrial Average fell 2.1%. The Nasdaq closed down 3.8% at 10,652.40. To reach 1,702.15, the Russell 2000 Index dropped 2.9%.

The government report shows employers hired more workers than economists last month, which could open the door for the Fed to continue aggressively raising interest rates, which if done so seriously. could trigger a recession.

Last month, employers created 263,000 new jobs. Despite the slowdown from 315,000 new employees in July, that number is still higher than the 250,000 economists predicted.

On concerns about inflation, interest rates and the prospect of a recession, the stock has fallen more than 20% from record highs this year.

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Major indices were able to post gains for the week, thanks to a strong but brief rally that took place on Monday and Tuesday, when some investors strained their eyes to see some weaker-than-expected economic data, leading to a reduction in the Fed rate. Can be easy. Such hopes for a "pivot" by the hiking Fed may be dashed, however, by Friday's jobs report. Many similar cases have come to the fore this year as well.

The Fed wants to starve purchase inflation so that it needs to raise prices by raising interest rates. The Fed has already noticed some of the effects, and the housing sector is particularly hurt by higher mortgage rates. However, if the rate hike is done too quickly, the economy may experience a slowdown.

Meanwhile, crude oil experienced its biggest weekly gain since March. Standard US crude closed up 4.7% on Friday at $92.64 a barrel. Benchmark crude, Brent, edged up 3.7% at $97.92.

Large oil producing countries have pledged to reduce production to maintain high prices, which has pushed up oil prices. The pressure on inflation, which is still very close to a four-decade high but is reducing as expected, should remain high as a result.

The US benchmark fell 97 cents to $91.67 a barrel in electronic trading on the New York Mercantile Exchange on Monday. Brent crude fell by $1.02 to $96.90 a barrel.

Analysts expect a possible drop in corporate profits to be the next hammer to hit stocks after higher interest rates. While the economy slows, businesses must grapple with high inflation and interest rates that are eating into their profits.

The euro was held steady at 97.36 US cents.