Asian stocks slammed by CPI shock, Nikkei retreats from 34-year high
Investing.com– Most Asian shares tumbled on Wednesday, tracking an overnight decline on Wall Street after sticky U.S. inflation data spurred renewed concerns over higher for longer interest rates. Japan’s fell 0.8% as investors locked-in profits at 34-year highs, while technology-heavy indexes clocked steep declines on extended profit-taking in the sector. Wall Street indexes tumbled from … Read more