Asian markets mixed, though China stocks surge higher

Shares were mixed in Asia on Wednesday with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street.Tokyo’s Nikkei 225 JP:NIK added 0.4% while Sydney’s S&P/ASX 200 AU:XJO was... Shares were mixed in Asia on Wednesday with Chinese benchmarks pressing higher after a rally in technology companies helped reverse most of an early slide on Wall Street.Tokyo’s Nikkei 225 NIK added 0.4% while Sydney’s S&P/ASX 200 XJO was flat.

The pace of price increases will influence the Federal Reserve’s strategy on interest rates and other monetary policy. The concern is that aggressive action to tame inflation might cause the economy to tip into recession. Stocks ended mixed on Wall Street Tuesday after a rally in technology companies helped reverse most of an early slide.

The central bank has raised its benchmark rate from close to zero, where it sat for much of the coronavirus pandemic. Last week, it indicated it will double the size of future increases.

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