Global Stocks Mixed After US Inflation Feeds Rate Hike Fears

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Feb. 15, 2023. Ahn Young-joon/AP Photo

BEIJING—Asian stocks fell and European markets opened mixed Wednesday after U.S. inflation edged down less than expected, fueling concern the Federal Reserve might think more interest rate hikes are needed.

London, Tokyo, and Shanghai declined. Frankfurt advanced. Oil prices fell by more than $1 per barrel.