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Asian shares extend losses as specter of recession looms

FILE - Traders work on the floor at the New York Stock Exchange in New York, Tuesday, Oct. 4, 2022. If the economy really is headed for a recession, the stock market may have still more to drop. (AP Photo/Seth Wenig, File) FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer) A currency trader stands near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Oct. 11, 2022. Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks.(AP Photo/Lee Jin-man) A currency trader works near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Oct. 11, 2022. Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks. (AP Photo/Lee Jin-man) A currency trader works near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Oct. 11, 2022. Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks.(AP Photo/Lee Jin-man) A currency trader walks near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Tuesday, Oct. 11, 2022. Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks.(AP Photo/Lee Jin-man) FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer) FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer) FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer) FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer) FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer) FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer) FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer) FILE - A trader stands outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer) FILE - American flags fly outside the New York Stock Exchange, Friday, Sept. 23, 2022, in New York. (AP Photo/Mary Altaffer, File) FILE - People wearing face masks walk through a pop-up market at a shopping and office complex in Beijing, Saturday, Oct. 8, 2022. Asian shares slipped on Monday, Oct. 10, 2022, with Chinese markets logging moderate losses after they reopened from a weeklong holiday. (AP Photo/Mark Schiefelbein, File)
Asian shares extend losses as specter of recession looms