Asia markets rise but virus, inflation fears linger COVID-19 WATCH Daily Tribune


Source: tribune.net.ph tribune.net.ph

Key Topics in this News Article:

News Snapshot:

HONG KONG (AFP) — Most markets rose in Asia on Tuesday as investors looked past rising virus infections in the region and bet on the global recovery, with Tokyo brushing off data showing the Japanese economy shrank more than expected in the first quarter. Traders built on a broadly positive previous day, despite a retreat on Wall Street, bringing some much-needed stability after last week’s topsy-turvy performance as Federal Reserve officials continue to reassure that fears of long-term red-hot inflation were misplaced. The key event this week is the release of minutes from the US central bank’s April policy meeting,...