Asia shares stumble on weak China data, U.S. dollar heavy

Jan 13, 2022 9:02 am

Asian shares were dragged lower by weakness in Chinese economic data on Thursday although investors seemed relieved that U.S. inflation data was not hot enough to force even faster monetary tightening by the Federal Reserve.

U.S. consumer price inflation was at its highest in nearly 40 years, data showed overnight, but it didn't come as a surprise and kept intact expectations for the Fed's tapering or timeline for the first rate rise as early as March. 


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