Stock rally losing puff as economic growth doubts grow

Industry
Published by
Reuters

By Tom Westbrook SINGAPORE (Reuters) – Asia’s stock markets eked out their fourth straight session of gains on Wednesday, but the recent rally lost momentum as nagging doubts about inflation and the drag from rate rises overshadowed bits and pieces of good news about the global growth outlook. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5% and is on its longest winning streak since February. Japan’s Nikkei rose 0.6% and miners led Australian shares about 0.9% higher. Gains followed a surge on Wall Street and a slump in the dollar as investors pushed worries about inflatio…

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