World Shares Wobbly After Wall Street Sinks into Bear Market

Global stocks drifted lower in the wake of Wall Street's tumble into a bear market, as investors anxiously contemplated a new and uncertain world of higher interest rates, international conflict and recession fears.

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A man wearing a protective mask moves past an electronic stock board showing Japan's Nikkei 225 index Tuesday, June 14, 2022, in Tokyo. Asian shares fell across the board Tuesday after Wall Street tumbled into a bear market, indicating that major U.S. benchmarks and individual stocks have fallen 20% or more from a recent high for a sustained period of time. (AP Photo/Shuji Kajiyama)
Image via AP Photo/Shuji Kajiyama

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

TOKYO (AP) — Global stocks drifted lower Tuesday in the wake of Wall Street’s tumble into a bear market, as investors anxiously contemplated a new and uncertain world of higher interest rates, international conflict and recession fears. Shares traded down in Europe, erasing brief gains after the markets opened, while Asian shares fell but later recovered some gains. The STOXX Europe 600 Index was off 0.5% after opening higher. France’s CAC 40 was off 1.33%,…

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