stocks suffered their worst day in more than two years after hotterthanexpected inflation data dashed investors hopes that cooling price pressures would prompt the federal reserve to moderate its campaign of interestrate increases investors sold everything from stocks and bonds to oil and gold all 30 stocks in the dow jones industrial average declined as did all 11 sectors in the sp 500 only five stocks in the broad benchmark finished the session in the green facebook parent meta platforms dropped 94 blackrock declined 75 and boeing fell 72 the dow fell 127637 points or 39 to 3110497 the sp 500 declined 17772 points or 43 to 393269 the nasdaq composite slid 63284 points or 52 to 1163357 all three indexes posted their steepest oneday losses since june 11 2020 the declines left the dow industrials down 14 in 2022 while the sp 500 has lost 17 and nasdaq composite has retreated 26 japanese stocks were broadly lower dragged by sharp falls in electronics stocks after strong us inflation data has raised concerns about the feds further tightening keyence was down 49 and tokyo electron ltd was 46 lower meanwhile honda motor is down only 02 following news that its considering a separate listing for its electric twowheeler business investors are closely watching the war in ukraine and its implications for global trade the nikkei stock average is 28 lower at 2780493 south koreas benchmark kospi was 25 lower at 238759 tracking us stocks overnight which suffered their worst day since 2020 on hotterthanexpected us inflation data the auto sector may be in focus with south korea and the us due to hold talks this week regarding electric vehicle tax credits the two sides are expected to discuss ways to minimize any effects of the us inflation reduction act on south korean evs hyundai motor was down 15 and kia corp was down 21 among tech stocks kakao corp was down 40 and naver corp was 46 lower hong kongs hang seng index tracked regional equities lower in morning trade declining 24 to 1886355 after wall street suffered its worst day in more than two years following higherthanexpected inflation data losses were mainly led by tech and pharma shares though techtronic industries leads the laggards with a 84 decline tencent holdings and netease were down more than 1 but still outperforming the sector after each of them received an approval for selfdeveloped games from chinese regulators cicc slumped 81 following its plans to raise up to cny27 billion in a rights issue chinese shares were lower in early trade in tandem with broad losses among other asian equities weighed by a selloff in the us markets overnight volatility in regional equity bond and currency markets looks set to return after relative calm in the past few sessions uob analysts said in a note the benchmark shanghai composite index fell 12 to 322385 the shenzhen composite index was off 13 at 209866 and the chinext price index slipped 11 to 252223 in the auto sector byd co fell 12 and great wall motor and saic motor were each 09 lower energy stocks were also lower with petrochina slipping 11 and cnooc energy technology  services off 04 asia currencies were mixed against usd in the morning asian session but could weaken more broadly given tuesdays hotterthanexpected us inflation data asiaexjapan currencies look set to be under pressure in view of the usd rally overnight and spillover effects of riskoff selling in us equities postcpi report mufg banks currency analyst sophia ng said in a research report adding krw was likely to be the most vulnerable usdkrw edged 01 lower to 139405 after earlier touching around 139579 highest intraday level since march 2009 according to factset usdsgd was little changed at 14065 while audusd was up 01 at 06735 gold prices were little changed in asian trade after declining overnight on a strongerthanexpected us inflation print for august which raised expectations for further interestrate increases gold is in the danger zone again and could see another run towards the summer lows oandas senior market analyst edward moya said in a note if gold breaks below 1700 not much support is there until the 1650 region he added spot gold was flat at 170060oz oil prices were higher in early asian trade recovering from overnight losses following a strongerthanexpected us inflation print its worth calling out that oil futures have had one of the strongest inverse relationship with the us dollar over the last decade cba strategist vivek dhar said in a note he reckoned traders will keep watch on developments related to chinas national congress meeting on oct 16 the big change to watch out for is any relaxation of chinas covidzero policy that has weighed heavily on chinas economy this year he added china is one of the worlds largest oil importers frontmonth wti futures and brent were each 05 higher at 8777bbl and 9364bbl respectively