Asian stocks wobble as growth doubts loom

Industry
Published by
Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Asia’s stockmarkets struggled to carry recent gains into a fourth straight session on Wednesday and the U.S. dollar steadied, as nagging doubts about inflation and the drag from rate rises crept back in to the global growth outlook. MSCI’s broadest index of Asia-Pacific shares outside Japan gave up earlier gains to trade around flat by mid-morning. Japan’s Nikkei rose 0.3% although miners did help Australian shares up about 0.7%. Overnight Wall Street indexes had jumped and the dollar recoiled from near two-decade highs as investors pushed worry about inf…

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