Stock markets across Asia and Europe bleed red as interest rate woes return

Asian and European stock markets dealt with sharp declines on Friday, with China leading the recession as its September Consumer Price Index revealed no development. Markets pundits state weak financial indicators from China could cause issue for the global economy.European stocks likewise traded lower on Friday due to problems originating from United States inflation data suggesting a prospective walking in interest rates. The elevated inflation figures might prompt the Federal Reserve to maintain its primary rate of interest at a greater level for an extended period to curb inflation in a relocation that agitated investors, as evidenced by todays stock market performance.China drags down Asian stock market amidst declining economyAsian stocks broke past their bullish operate on the last day of the week as stocks across China, Japan and Hong Kong tumbled after China launched its consumer price index which was available in lower than anticipated indicating a slowing financial outlook for the world 2nd second-largest economy. China also reported a 2.5% decline in its producer price index. Chinas benchmark CSI 300 index fell 1.05%, closing at 3,663.41. Hong Kongs benchmark stock index Hang Seng Index fell 2.3% on Friday, ending a six-day bullish run.Hong Kong Heng Sang Index day-to-day cost chart.Source: InvestingJapans benchmark index Nikkei 225 fell by 0.6% to close at 32,315.99 while South Koreas Kospi fell 0.95% to end at 2,456.15. Japan Nikkei 225 everyday rate chart. Source: InvestingEuropean stocks tumble amidst US interest hike woesEuropean markets finished the week on a low in the middle of growing issues around rates of interest hikes from the Fed as well as issues about financial growth.The London benchmark stock index FTSE 100 fell by 0.3% despite an increase in oil prices offered the weighting of energy corporations, such as BP and Shell, in Londons benchmark index is significant.The pan-European Stoxx 600 index fell by 0.6% also, ending the week on a low after 3 consecutive days of bullish gains.