Asian Shares Mixed As Inflation Worries Return To Fore : com

Asian stocks turned in a mixed performance on Monday as a surge in oil prices brought inflation and rate hike worries back into focus. While a closely watched measure of price increases in the United States offered some support, a sharp rise in crude oil prices on the back of surprise output cuts announced by OPEC+ nations stoked fears of a potential resurgence in inflation over the coming months.

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