HONG KONG – Asian markets were mixed Thursday on profit-taking and growing worries about inflation, which offset long-running optimism about the global recovery as vaccines are rolled out, infection rates slow and Joe Biden’s stimulus winds through Congress.
Oil prices pushed further up to 13-month highs as the severe cold snap in the United States hammers production, even trumping news that Saudi Arabia is planning to up output in light of the commodity’s strong performance in recent months.
Confidence that the world economy will enjoy a scorching rebound from last year’s collapse has fired global equities and other risk assets for months as immunisation programmes a…
Keep on reading: Asian markets mixed as inflation fears play against recovery hopes