Asian stocks stumble as Wall St optimism peters out

Published by
Reuters UK

By Sam Byford TOKYO (Reuters) – Asian stocks slipped in volatile trade on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1%, but was still up 1.39% on the more than five-week low it hit on Monday. Tokyo’s Nikkei gave up early gains and was flat. Investors are continuing to assess how worried they need to be about central banks pushing the world economy into recession as t…

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