Asian shares mostly fall as rate hikes, China slowdown loom


              A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, May 10, 2022. Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, May 10, 2022. Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, May 10, 2022. Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, May 10, 2022. Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, May 10, 2022. Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, May 10, 2022. Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, May 10, 2022. Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, May 10, 2022. Asian stocks followed Wall Street lower Tuesday as fears increased that U.S. rate hikes to fight inflation might stall economic growth. (AP Photo/Kin Cheung)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              FILE - The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, following a highly turbulent week for markets with more losses as traders see little relief in sight for their current list of worries: coronavirus lockdowns in China, looming interest rates hikes and inflationary pressures exacerbated by Russia's war in Ukraine. The S&P 500 gave up 1.4% in the early going Monday, May 9, 2022. (AP Photo/John Minchillo, File)
            
              Traders work on the floor at the New York Stock Exchange Friday, May 6, 2022 in New York. Stocks are swinging sharply on Friday. The S&P 500 was 0.5% lower in afternoon trading but only after careening from a steep morning loss to a brief, small gain. Wall Street is struggling with how to interpret a strong U.S. jobs report amid worries the Federal Reserve may cause a recession in its drive to halt inflation. (NYSE via AP)
            
              Traders work on the floor at the New York Stock Exchange Friday, May 6, 2022 in New York. Stocks are swinging sharply on Friday. The S&P 500 was 0.5% lower in afternoon trading but only after careening from a steep morning loss to a brief, small gain. Wall Street is struggling with how to interpret a strong U.S. jobs report amid worries the Federal Reserve may cause a recession in its drive to halt inflation. (NYSE via AP)
            
              Traders work on the floor at the New York Stock Exchange Friday, May 6, 2022 in New York. Stocks are swinging sharply on Friday. The S&P 500 was 0.5% lower in afternoon trading but only after careening from a steep morning loss to a brief, small gain. Wall Street is struggling with how to interpret a strong U.S. jobs report amid worries the Federal Reserve may cause a recession in its drive to halt inflation. (NYSE via AP)
            
              Women wearing protective masks walk in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, May 9, 2022, in Tokyo. Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment. (AP Photo/Eugene Hoshiko)
            
              A man wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, May 9, 2022, in Tokyo. Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment. (AP Photo/Eugene Hoshiko)
            
              People wearing protective masks stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, May 9, 2022, in Tokyo. Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment. (AP Photo/Eugene Hoshiko)
            
              A woman wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index and Japanese yen and U.S. dollar exchange rate at a securities firm Monday, May 9, 2022, in Tokyo. Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment. (AP Photo/Eugene Hoshiko)
            
              A woman wearing a protective mask stands in front of an electronic stock board showing Japan's Nikkei 225 index Monday, May 9, 2022, in Tokyo. Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment. (AP Photo/Eugene Hoshiko)
Asian shares mostly fall as rate hikes, China slowdown loom