Asian Market Updates

Asian Shares Mostly Lower On Recession Fears

Asian stocks ended mostly lower on Tuesday after Wall Street entered the bear market on fears that aggressive rate tightening by the Federal Reserve would push the world's largest economy into recession.

With inflation running well ahead of the Fed's 2 percent goal, investors wonder whether the U.S. central bank will announce a bigger rate move during the two-day meeting that concludes Wednesday.

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by RTTNews Staff Writer

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