Stocks hit by Fed rate reality check; oil slips
Key takeaways
- A man walks past a stock quotation board showing the Nikkei stock prices outside a brokerage in Tokyo, Japan, June 16, 2026.
- "These are far from dull markets," said Chris Weston, head of research at Pepperstone Group in Melbourne.
- A drop in oil would ordinarily give stocks a boost, but investors are now focussed on what the surge in energy prices will mean for central bank policy and, specifically, the Federal Reserve.
Stocks hit by Fed rate reality check; oil slips. A man walks past a stock quotation board showing the Nikkei stock prices outside a brokerage in Tokyo, Japan, June 16, 2026. REUTERS/Manami Yamada · Reuters By Amanda Cooper Tue, June 23, 2026 at 4:27 PM GMT+7 3 min read ^STOXX ^KS11 SPCX GOOG META By Amanda Cooper
LONDON, June 23 (Reuters) - Global stocks fell on Tuesday, led by broad-based declines in technology stocks, as investors expect the Federal Reserve to take more aggressive action to tackle inflation, even after a 16% drop in oil prices this month.
The STOXX 600 fell 1.2%, under pressure from declines in European semiconductor and chip-equipment makers, which followed declines in tech stocks in Japan and South Korea, where Seoul s KOSPI index fell 10% in its largest one-day selloff since March.