Asian shares edge higher as dollar rally pauses

Broadest index of Asia-Pacific shares slightly up but could end month down 6%

Singapore — Asian shares nudged higher on Tuesday, tracking small gains on Wall Street, while the US dollar paused after a sharp rally as month-end flows lift sentiment and investors adjust to expectations of more interest rate hikes.

China shares have also been weighed down by rising geopolitical tension, with US-China relations the dominant uncertainty at the forefront of investor minds. Overnight, US stocks eked out a slight gain as investors engaged in bargain hunting after last week’s steep losses, as jitters persisted about coming interest rate hikes to tame a stubbornly high inflation rate.

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BDliveSA /  🏆 12. in ZA

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