HONG KONG: Asian markets rose on Tuesday as an Alibaba-fueled surge in Hong Kong provided a much-needed boost to sentiment ahead of a slew of earnings reports from the world's biggest firms and an expected Federal Reserve (Fed) interest rate hike.
A shock cut in American retail titan Walmart's profit outlook fanned concerns that surging inflation and rising borrowing costs are hammering consumer spending and could send the world's largest economy into a recession.
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