Asian markets swing as traders weigh growth outlook

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HONG KONG: Asian markets fluctuated Wednesday (Jan 25) as traders in several countries returned from the Lunar New Year break to a soft lead out of Wall Street with recession fears still causing concern.

While equities have enjoyed a strong start to the year as a slowdown in inflation gives central banks room to temper their interest rate hikes, the focus is now turning to the impact of last year's increases on the economy.

Worries about the growth outlook and the impact of higher rates on company profits is also offsetting optimism over China's reopening from years of strict zero-Covid measures.