News Snapshot:
Investors were keeping their powder dry ahead of critical US consumer price data due out later on Wednesday Asian stocks endured a mixed day on Wednesday as government interventions, fears over global growth and China’s Covid struggles all played a part in guiding investors’ mood. Japan’s main index was boosted by chip and airlines stocks while there were rebounds in South Korea and Taiwan, but Hong Kong slipped as China’s economy struggles to find its feet after months of Covid disruptions. Tokyo’s Nikkei share average bounced back, although there were losses in energy shares and persisting worries about the slowing...
