Investors digest fears about persistently high inflation as dollar strengthens
Shanghai — Asian shares trimmed losses on Friday after a volatile session for US equities, while the dollar hovered near 20-year highs as investors continued to digest worries about persistently high inflation and tightening central bank policy.
“We had some pretty big moves yesterday, and when you see those big moves it’s only natural to get some retracement, especially since it’s Friday heading into the weekend. There’s not really a new narrative that’s come through,” said Matt Simpson, senior market analyst at City Index. Moscow called Finland’s announcement hostile and threatened retaliation, including unspecified “military-technical” measures.
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