Asia markets: Investors watch China Covid situation, US inflation data - CNBC

The World Health Organization said Monday it is monitoring the Covid situation in mainland China, where officials are battling a severe surge in cases.

Very high US inflation will keep alive market expectations for aggressive FOMC tightening in our view. Elsewhere, the Nikkei 225 in Japan slipped 1.2% as shares of robot maker Fanuc dropped more tha… [+1736 chars]

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