Asian markets swing amid oil price surge

By Agence France-Presse

Apr 05, 2023 12:19 am

HONG KONG: Asian markets were mixed on Tuesday as concerns about the impact of surging oil prices on inflation offset data indicating a slowing US economy that could allow the Federal Reserve (Fed) to slow its interest rate hikes.

Crude held on to Monday's surge of more than 6 percent that came after top producers announced a surprise output cut, providing a fresh headache to central bankers as they battle inflation.

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