Producer price rises in the US have added to inflation fears as the wholesale cost of goods and services rose more than forecast last month. The US producer price index rose 6.2% in April from the same period a year ago, exceeding economists’ forecasts for a 5.9% annual increase. Month-on-month the advance was 0.6%. Core producer prices, which strip out volatile food and energy prices, rose 4.1% from a year ago and 0.7% from the previous month, also exceeding economists’ expectations.

Shares on Wall Street bounced back Thursday following the steepest three days of declines in seven months. The S&P 500 jumped 1.2% while the Nasdaq Composite closed up 0.7%.

Asia Pacific markets tumbled yesterday following the sharp drop on Wall Street the previous day. In Hong Kong, the Hang Seng Index sank 512 points or 1.8% to 27, 718, a four-month low. The Hang Seng Tech Index tumbled 3.3%. On the mainland, the Shanghai Composite Index ended the day 1% lower at 3,429. The MSCI China Index fell 3%, extending losses from its mid-February high to more than 20% and putting it in a bear market.

On today’s Money Talk, we’re joined by Francis Lun of GEO Securities and Peter Churchouse from Portwood Capital. With a view from India is Toby Lawson at Societe Generale India.