Asian shares were mostly lower Tuesday, echoing a broad sell-off on Wall Street amid speculation about another interest rate raise from the U.S. Federal Reserve.
Benchmarks in Asia slid in Tokyo, Sydney, Seoul and Hong Kong, but shares were little changed in Shanghai. The latest market slide comes as investors grapple with uncertainty over when the highest inflation in decades will ease significantly, how much the Fed will have to raise interest rates in order to get it under control and how much the rate hikes will slow the economy.
