NEW YORK (AP) — Stock futures are falling following new worries about rising inflation in Asia and the possibility Ireland might need a bailout.
Asian markets fell Tuesday after South Korea’s central bank raised interest rates to curb inflation. Raising rates, though, could also slow growth. Investors are worried China will have to take similar actions soon.
While Asian countries are dealing with surging growth, European finance ministers are meeting Tuesday to discuss a potential bailout of Ireland. The country is the latest in Europe to grapple with mounting debt.
Dow Jones industrial average futures are down 81, or 0.7 percent, at 11,092. S&P 500 futures are down 9, or 0.7 percent, at 1,187, while Nasdaq 100 futures are down 17, or 0.8 percent, at 2,112.
