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AP National Business

Asian shares sink as war, inflation hold sway on markets

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Published 9:58 PM

By ELAINE KURTENBACH
AP Business Writer

BANGKOK (AP) — Shares are mostly lower in Asia as uncertainty over the war in Ukraine and persistently high inflation keep their sway over markets. Hong Kong, Tokyo and Sydney declined while Shanghai and Singapore gained. Investors are fretting over how the world economy may struggle with price pressures and slowing growth. Stocks slipped on Wall Street Thursday, with the S&P 500 losing 0.4% just a day after benchmarks surged to their biggest gain since June 2020. Oil prices advanced on Friday as Russian forces broadened their offensive in Ukraine, attacking two major cities to the west and an industrial center in the east of the country.

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