Stock Market Today: Asian Shares Sink as Central Banks Crank Interest Rates Still Higher

A person walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm, in Tokyo on June 23, 2023. Eugene Hoshiko/AP Photo

BANGKOK—Asian shares sank sharply Friday after several central banks around the world cranked interest rates higher in their fight against inflation.

Hong Kong and Tokyo shed nearly 2 percent and most other regional markets declined. U.S. futures and oil prices also were lower.