Asian stocks up as investors calm over potential Fed moves

Bitcoin is trading at over US$30,000 by mid-day after slumping below US$27,000. – EPA pic, May 13, 2022.

ASIAN equities were mostly up today following a tumultuous trading period on Wall Street, which rebounded at the close after investors calmed down about US policies to counter surging inflation.

World markets have been volatile for much of 2022 owing to China’s Covid-19 lockdowns, Russia’s invasion of Ukraine and surging inflation weighing on consumer sentiment.

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