Asian markets mostly down on worries over rate hikes, inflation

Hong Kong (AFP) Dec 20, 2022

Most markets fell in Asia on Tuesday following a sell-off in New York as traders fret that central bank efforts to tame inflation will tip economies into recession. Sentiment was also being weighed down by a spike in Covid infections in China as officials roll back many of the strict containment measures that have been in place for almost three years. A so-called Santa rally appears to b