Asian markets mixed as Fed hikes loom, China growth slows

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Asian investors started the week on a cautious note Monday as they assessed the outlook ahead of an expected series of interest rate hikes by the Federal Reserve, while data showed growth in China’s economy slowed at the end of last year.

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A weak reading on retail sales for December caused by concern about the latest Covid wave and higher prices was compounded by a University of Michigan survey showing consumer sentiment fell sharply in January.

“As we head into 2022, we believe that the post-pandemic bull market remains broadly intact,” he said in a commentary. Hong Kong-listed casino stocks rocketed after Macau officials on Friday unveiled regulatory measures for the sector that were not as bad as initially feared.

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