Asian stocks in defensive mood as China slowdown, rate hikes loom

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Reuters UK

By Julie Zhu HONG KONG (Reuters) -Asian shares traded cautiously on Tuesday, with China’s economic slowdown from COVID-19 lockdowns and the prospect of aggressive Federal Reserve monetary policy tightening keeping markets on edge. Investors were also bracing for a barrage of earnings that will help them assess the impact of the Ukraine war and a spike in inflation on company financials. Netflix, Tesla and Johnson & Johnson are all to report this week. Moscow has refocused its ground offensive in Ukraine’s two eastern provinces but Ukrainian President Volodymyr Zelenskiy has vowed to fight on. …

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