Asian markets steady with focus on inflation, Biden-Xi summit


Source: digitaljournal.com digitaljournal.com

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Investors are keeping tabs on the virtual summit between Joe Biden and Xi Jinping, with relations between the United States and China at a low ebb - Copyright AFP MANDEL NGAN Asian investors trod a cautious path Tuesday, with surging inflation the key point of concern on trading floors, while eyes were also on a virtual summit between Joe Biden and Xi Jinping as they plot their way through a period of tension between the superpowers. Global markets have enjoyed about 18 months of healthy gains — with many hitting record or multi-year highs — thanks to ultra-loose central bank...