Asian share markets stabilized on Tuesday after suffering steep losses in the past 24 hours even as investors considered the prospect of interest rates continuing to remain high for longer
The WTO chief was quoted as saying by news agency AFP, “The spectre of not having enough food is one that worries me.” She further stated that central banks will have to tighten and increase policy rates in a bid to tackle inflation.
Japan's Nikkei fell 2.0%, South Korea's Kospi hit a two-year low and Australia's ASX 200 fell 1.4% to a three-month low, with global demand fears weighing heavily on mining stocks.