Investing.com-- Most Asian stocks sank on Friday, tracking weakness in Wall Street as increasing anxiety over sticky U.S. inflation and high interest rates battered sentiment towards risk-driven assets.
U.S. stock index futures steadied in Asian trade, after Wall Street indexes fell sharply on Thursday following a string of warnings on inflation and interest rates from Federal Reserve officials.China was hit with a wave of negative sentiment this week as a trade war with the U.S. appeared to have escalated. The People’s Liberation Army was also seen conducting military drills near Taiwan, pointing to worsening tensions in the region.
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