Published by
Reuters
Reuters
By Stella Qiu and Tom Westbrook BEIJING (Reuters) – Asian shares tumbled on Friday as investors fretted about an increasingly aggressive rate-hike outlook for the United States as well as the fallout for the global economy from lockdowns in China. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.1% in morning trade, its sharpest decline in six weeks. Pulling it lower was a 1.6% loss for Australia’s resource-heavy index, a 1.1% drop in Hong Kong stocks and a 0.3% retreat for blue chips in mainland China. Japan’s Nikkei lost about 2%. Overnight, U.S. Federal Reserve Chairman Jer…