MSCI's broadest index of Asia-Pacific shares outside Japan was flat by early afternoon
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.65%, snapping two straight days of losses, after having slumped to its lowest in two years the day before
Japan's benchmark Nikkei jumped 1.1 per cent in morning trading to 26,803.30
Inflation as measured by the CPI index stood at 7.04 in May 2022, higher than the Reserve Bank of India's (RBI's) comfort zone of 2 - 6 per cent
MSCI's broadest index of Asia-Pacific shares outside Japan was flat, with trade thinned by a holiday in Hong Kong
Japan's Nikkei fell 1.4%, though its drop this quarter has been a relatively modest 5% thanks to a weak yen and the Bank of Japan's dogged commitment to super-easy policies
Experts said risk aversion among investors is due to scepticism over whether policymakers will be able to achieve aggressive monetary tightening to tame inflation without triggering recession
Asian stocks and US share futures turned higher on Tuesday as the market took stock after a recent steep selloff
Asia traders are waking up to a relief rally across the Pacific after Federal Reserve Chair Jerome Powell promised the biggest rate hike since 1994 won't be the rule
Asian markets were in a pensive mood on Wednesday as shell-shocked investors waited to see just how aggressive the Federal Reserve would be on rates
Shares sank in Asia on Monday after a report that US inflation worsened last month sent stocks reeling on Wall Street. Major regional markets dropped more than 2 per cent in early trading Monday, while US futures slipped more than 1 per cent. On Friday, the S&P 500 sank 2.9 per cent, locking in its ninth losing week in the last 10. Investors had hoped the highly anticipated consumer price report would show the worst inflation in generations had slowed a touch last month, passing its peak. Instead, the US government said inflation accelerated to 8.6 per cent in May from 8.3 per cent the month before. Investors took Friday's report to suggest the Federal Reserve will persist in raising interest rates and making other moves in order to slow the economy, to try to force down inflation. Tokyo's Nikkei 225 index lost 2.6 per cent to 27,018.01 and the Hang Seng in Hong Kong skidded 3 per cent to 21,145.27. In South Korea, the Kospi declined 3.18 per cent to 2,516.95 as a truckers strike .
Asian shares made a muted start as caution gripped ahead of a critical reading on US inflation, while the euro gained on the yen amid wagers the ECB will take a major step toward policy tightening
The swing in sentiment left the dollar wallowing at one-month lows, with the euro rising to its highest since April 25
In early trade, Australian shares gained 0.2% while Japan's Nikkei stock index was 0.85% higher.
As liquidity starts drying up, banks rates start rising and market returns struggle, we expect some level of softness in household market allocations, he said
The region's combined net foreign selling during January to April stood at $45.76 billion, the most in the first four months since at least 2008.
China's shares defied the broader rally with rising COVID-19 cases and a strict lockdown in the financial hub of Shanghai weighing on sentiment.
Asian markets including Hong Kong, Singapore and Australia are on holiday on Friday for Easter, as are major European and U.S. markets.
The mood in equity markets was cautious, with MSCI's broadest index of Asia-Pacific shares outside Japan easing 0.1%. Japan's Nikkei dropped 0.6%, having shed 2.6% last week.
Japan's Nikkei was flat, while S&P 500 stock futures eased 0.2% and Nasdaq futures 0.3%.