Stock rally fizzles on revived inflation fears

Stock rally fizzles on revived inflation fears

By Sam Byford

TOKYO (Reuters) – Asian stocks slipped across the board on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.39%, still up 1.02% on the more than five-week low it hit on Monday. Tokyo’s Nikkei gave up early gains and was flat.

Investors are continuing to…


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