Isaho Nakasho
Isaho Nakasho
asian concern corporate costs countries encourage exports foreign fuel growth higher investors leading oil prices profits raise regional rising sell worries
Rising oil prices raise concern U.S. consumption will slow, leading to worries that exports from some Asian countries will shrink, and worsening the region's growth outlook. The higher fuel costs may also lead to concern corporate profits will be squeezed. These encourage foreign investors to sell the regional equities.