HONG KONG: Asian investors squeezed out gains on Tuesday as they tried to recover from the previous day's losses, but they remain gripped by fears over Europe's worsening energy crisis, China's economic slowdown and central bank efforts to contain surging inflation.
The dollar lost some momentum, with the euro supported ahead of an expected European Central Bank (ECB) interest rate hike and the sterling buoyed by reports that new United Kingdom Prime Minister Liz Truss would unveil plans to cut energy bills.
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