Earnings by Asian companies in March declined for the first time in seven quarters, dented by slowing demand due to lockdowns in China and diminishing margins as input costs rise.
China's business activity and consumption slowed in the first quarter due to a resurgence of COVID-19 cases, which also affected regional companies exporting to the Asian country. Some analysts expect rising interest rates should further affect corporate profits and margins in coming months.
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Asian stocks slump amid risks from US CPI, China COVID struggleTOKYO : Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about global growth.Chinese blue chips dropped 0.84 per cent, and Hong Kong's H
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