World shares sink after retreat on Wall Street

Shares dropped sharply in Asia after a broad retreat on Wall Street triggered by dismal results from major retailer Target

Shares dropped sharply in Asia after a broad retreat on Wall Street triggered by dismal results from major retailer Target Source: Getty / Ahn Young-joon/AP

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The losses have been caused by global inflation, which is driving up the cost of doing business, while leaving consumers with less spending money.

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