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Asian stocks follow Wall St lower on economy fears

FILE - In this Aug. 28, 2009 file photo, a sign is shown at the New York Stock Exchange in New York. Stocks are opening gingerly higher on Wall Street Friday, June 17, 2022 at the end of a brutal week. Stocks suffered several massive drops this week as markets get accustomed to the bitter medicine of higher interest rates that the Federal Reserve and other central banks are using in their battle against inflation. (AP Photo/Frank Franklin II, file)

FILE - In this Aug. 28, 2009 file photo, a sign is shown at the New York Stock Exchange in New York. Stocks are opening gingerly higher on Wall Street Friday, June 17, 2022 at the end of a brutal week. Stocks suffered several massive drops this week as markets get accustomed to the bitter medicine of higher interest rates that the Federal Reserve and other central banks are using in their battle against inflation. (AP Photo/Frank Franklin II, file)

FILE - In this Aug. 28, 2009 file photo, a sign is shown at the New York Stock Exchange in New York. Stocks are opening gingerly higher on Wall Street Friday, June 17, 2022 at the end of a brutal week. Stocks suffered several massive drops this week as markets get accustomed to the bitter medicine of higher interest rates that the Federal Reserve and other central banks are using in their battle against inflation. (AP Photo/Frank Franklin II, file)

FILE - In this Aug. 28, 2009 file photo, a sign is shown at the New York Stock Exchange in New York. Stocks are opening gingerly higher on Wall Street Friday, June 17, 2022 at the end of a brutal week. Stocks suffered several massive drops this week as markets get accustomed to the bitter medicine of higher interest rates that the Federal Reserve and other central banks are using in their battle against inflation. (AP Photo/Frank Franklin II, file)

FILE - In this Aug. 28, 2009 file photo, a sign is shown at the New York Stock Exchange in New York. Stocks are opening gingerly higher on Wall Street Friday, June 17, 2022 at the end of a brutal week. Stocks suffered several massive drops this week as markets get accustomed to the bitter medicine of higher interest rates that the Federal Reserve and other central banks are using in their battle against inflation. (AP Photo/Frank Franklin II, file)

FILE - In this Aug. 28, 2009 file photo, a sign is shown at the New York Stock Exchange in New York. Stocks are opening gingerly higher on Wall Street Friday, June 17, 2022 at the end of a brutal week. Stocks suffered several massive drops this week as markets get accustomed to the bitter medicine of higher interest rates that the Federal Reserve and other central banks are using in their battle against inflation. (AP Photo/Frank Franklin II, file)

FILE - In this Aug. 28, 2009 file photo, a sign is shown at the New York Stock Exchange in New York. Stocks are opening gingerly higher on Wall Street Friday, June 17, 2022 at the end of a brutal week. Stocks suffered several massive drops this week as markets get accustomed to the bitter medicine of higher interest rates that the Federal Reserve and other central banks are using in their battle against inflation. (AP Photo/Frank Franklin II, file)

A trader works on the floor at the New York Stock Exchange in New York, Thursday, June 16, 2022. Markets worldwide are back to tumbling on Thursday as worries about a fragile economy roar back to the fore. The S&P 500 was 3.9% lower in afternoon trading, more than reversing its blip of a 1.5% rally from a day before. (AP Photo/Seth Wenig)

Traders work on the floor at the New York Stock Exchange in New York, Thursday, June 16, 2022. Markets worldwide are back to tumbling on Thursday as worries about a fragile economy roar back to the fore. The S&P 500 was 3.9% lower in afternoon trading, more than reversing its blip of a 1.5% rally from a day before. (AP Photo/Seth Wenig)

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 17, 2022. Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity. (AP Photo/Ahn Young-joon)

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 17, 2022. Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity. (AP Photo/Ahn Young-joon)

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 17, 2022. Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity. (AP Photo/Ahn Young-joon)

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 17, 2022. Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity. (AP Photo/Ahn Young-joon)

A currency trader gestures in front of the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the exchange rate of South Korean won against the U.S. dollar at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, June 17, 2022. Asian stock markets were mostly lower Friday after Wall Street fell on fears interest rate hikes will depress global economic activity. (AP Photo/Ahn Young-joon)

Asian stocks follow Wall St lower on economy fears