SINGAPORE : Asian shares tumbled to their lowest in nearly two years on Tuesday as investors shed riskier assets on worries about higher interest rates and their impact on economic growth, while the dollar held near 20-year highs.
Across Asia, share indexes were a sea of red. The Nikkei lost 0.9 per cent, Australian shares shed 2.5 per cent and Korean stocks lost 2 per cent. Central banks in the United States, Britain and Australia raised interest rates last week and investors girded for more tightening as policymakers fight soaring inflation.
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Asian stocks tumble on global anxieties over inflationAsian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report.
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Asian stocks follow Wall St futures lowerSYDNEY : Asian markets got off to a shaky start on Monday as U.S. stock futures took an early skid on rate worries, while a tightening lockdown in Shanghai stoked concerns about global economic growth and possible recession.'A series of rate hikes and hawkish communication came against a backdrop of plumm
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