# ASX down nearly 4 per cent after Wall Street sell-off on inflation fears, S&P 500 falls into bear market - ABC News

> The ASX fell nearly 4% on 14 June 2022 after the S&P 500 lost 3.9% and entered a bear market on inflation and US rate-hike fears. Technology and buy-now-pay-later stocks led the declines, and global indices also fell.

- Date: 2022-06-13 · published 2022-06-13T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41207-asx-down-nearly-4-per-cent-after-wall-street-sell-off-on-inflation-fears-s-and
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Risk-off equity sell-offs and recession fears tend to lower energy and industrial demand and strengthen the US dollar, pressuring commodity prices including grains and crude oil.

## Read by commodity

- DXY: bullish ▲
- WTI: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-02-26 | [Oil plunges deeper into bear market on coronavirus fallout \| CNN Business](https://feedsoft.ai/events/54751-oil-plunges-deeper-into-bear-market-on-coronavirus-fallout-cnn-business.md) | -5.2% | -55.9% |
| WTI | 2022-07-12 | [Oil falls 8% as global recession fears spook market \| Oil and Gas News \| Al Jazeera](https://feedsoft.ai/events/40647-oil-falls-8-as-global-recession-fears-spook-market-oil-and-gas-news-al-jazeera.md) | -1.5% | -12.2% |
| WTI | 2025-08-19 | [Canadian dollar falls as inflation data fuels rate cut bets — TradingView News](https://feedsoft.ai/events/23556-canadian-dollar-falls-as-inflation-data-fuels-rate-cut-bets-tradingview-news.md) | +1.4% | +1.0% |
| WTI | 2018-02-12 | [Loonie falls amid market turmoil, but experts see limited downside \| CBC News](https://feedsoft.ai/events/66725-loonie-falls-amid-market-turmoil-but-experts-see-limited-downside-cbc-news.md) | +4.4% | +3.6% |
| WTI | 2018-12-20 | [Oil plunges nearly 5 percent to 17-month low as stock market slumps](https://feedsoft.ai/events/8704-oil-plunges-nearly-5-percent-to-17-month-low-as-stock-market-slumps.md) | -6.7% | +12.5% |
| DXY | 2021-05-28 | [Dollar Edges Up Ahead Of Inflation Data; Yen Falls - Market News Nigeria](https://feedsoft.ai/events/47357-dollar-edges-up-ahead-of-inflation-data-yen-falls-market-news-nigeria.md) | -0.1% | +1.0% |
| DXY | 2022-06-13 | [GLOBAL MARKETS-Inflation fears grip markets as bonds, stocks extend selloff](https://feedsoft.ai/events/9637-global-markets-inflation-fears-grip-markets-as-bonds-stocks-extend-selloff.md) | +1.0% | +2.9% |
| DXY | 2021-06-24 | [Dollar rally sputters as Fed sends mixed signals on inflation - Markets - Business Recorder](https://feedsoft.ai/events/46844-dollar-rally-sputters-as-fed-sends-mixed-signals-on-inflation-markets-business.md) | +0.2% | +1.0% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2022-06-14/asx-wallstreet-markets-commodities-currencies-rates/101149422

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.