Singapore — Share markets steadied on Thursday, taking comfort in technology earnings, though an energy crisis in Europe and China’s lengthy lockdowns kept the mood cautious and have propelled the dollar close to 20-year highs as investors seek out safety and yield.
The most recent pressure point has been Russia’s halt on gas supplies to Bulgaria and Poland on Wednesday, which sent tremors through European energy markets and whacked the euro. The drop has sent the US dollar index to a five-year high of 103.28 and a further push above 103.82 would see it to levels not visited since late 2002.
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