Asian shares wallow as U.S. inflation data boosts recession fears

Written by on July 14, 2022

HONG KONG, July 14 (Reuters) - Asian shares were pinned at two-year lows on Thursday after white-hot U.S. inflation data drove fears the Federal Reserve will raise interest rates even more aggressively, which boosted the safe haven dollar.

Underscoring how inflation pressures are also hitting Asia, both the Monetary Authority of Singapore and the Bangko Sentral ng Pilipinas surprised markets by tightening monetary policy on Thursday in . . .

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