The News Craving
Published by
Reuters UK
Reuters UK
By Daniel Leussink TOKYO (Reuters) – Asian shares extended a global slump on Friday after the fastest U.S. inflation rate in four decades bolstered expectations for more aggressive rate hikes, while Chinese equity markets recovered early losses on regulatory assurance over U.S.-listed mainland firms. Sentiment also suffered on worries over Russia’s war against Ukraine, after talks between their foreign ministers on Thursday brought little respite in the conflict between the two countries. “We’ve got a terrible macro backdrop (with) a serious inflation problem implying that we’re going to see m…