By early afternoon in Hong Kong on Monday, futures tied to three major U.S. equity indexes had fallen between 1.1% and 1.9%. That suggested American stocks could come under fresh pressure on Monday, after data showing consumer prices were up 8.6% year-over-year in May fueled a hefty selloff in the previous session.
Stock indexes in Asia weakened, with Hong Kong’s Hang Seng, Japan’s Nikkei 225 and South Korea’s Kospi Composite all retreating by 2.9% or more. In mainland China, the blue-chip CSI 300 index lost about 1.4%.
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