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Asian stocks sink on German inflation, British tax cuts

FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) FILE - Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, Sept. 30, on pace to close out another losing month. (AP Photo/John Minchillo, File) A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 30, 2022. Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. (AP Photo/Ahn Young-joon) Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 30, 2022. Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. (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, Sept. 30, 2022. Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. (AP Photo/Ahn Young-joon) Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Friday, Sept. 30, 2022. Asian stocks have sunk again after German inflation spiked higher, British Prime Minister Liz Truss defended a tax-cut plan that rattled investors and Chinese manufacturing weakened. (AP Photo/Ahn Young-joon)
Asian stocks sink on German inflation, British tax cuts