Wall Street

Stocks struggle, dollar gains as inflation hits records

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Reuters

By Tom Westbrook SINGAPORE (Reuters) – Stocks and bonds struggled in Asia on Wednesday while the U.S. dollar rose as investors worried about inflation and the hit that containing it with rate rises will bring to global growth. Shanghai emerged blinking from two months of lockdown but as data showed steep falls in factory activity across Asia from the withering of China’s demand, relief was short-lived. MSCI’s broadest index of Asia-Pacific shares outside Japan was dragged 0.7% lower by a 1% drop for Hong Kong’s Hang Seng index. Japan’s Nikkei rose 0.6%. S&P 500 futures were last up 0.4%, but h…

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