Shares slide as global growth fears mount | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Shares slide as global growth fears mount | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

| Asian stocks slid on Thursday, tracking a steep Wall Street selloff, as investors worried about global inflation, China's zero-COVID policy and the Ukraine war, while the safe-haven dollar eased. European equity markets also looked set for another rough day.The pan-region Euro Stoxx 50 futures fell 0.52%, German DAX futures were down 0.63% while FTSE futures were 0.51% lower. Nasdaq futures eased 0.15%, although S&P500 futures reversed earlier losses to be 0.05% higher. Overnight on Wall Street, retail giant Target Corp warned of a bigger margin hit due to rising costs as it reported its quarterly profit had halved. Its shares plunged 24.88%. The Nasdaq fell almost 5% while the S&P 500 lost 4%. "The bounce on Tuesday was proven to have been 'too optimistic', thus the self-doubt stemming from the misjudgement only makes traders click the sell button even harder," said Hebe Chen, market analyst at IG. MSCI's broadest index of Asia-Pacific shares outside Japan snapped four days of gains and slumped 1.8%, dragged down by a 1.5% loss for Australia's resource-heavy index , a 2.1% drop in Hong Kong stocks and a 0.3% retreat in mainland China's bluechips . Japan's Nikkei shed 1.7%. Tech giants listed in Hong