Asian stocks down as inflation fears churn markets
Hong Kong (AFP) May 12, 2022
Asian equities slumped on Thursday following Wall Street's lead, after a key US report renewed fears of inflation and a tightening of monetary policies. Stocks have been volatile for much of 2022, fuelled by China's Covid-19 lockdowns, Russia's invasion of Ukraine, and surging inflation that has dampened consumer sentiment. Investors had been looking to the April US consumer price repor