Employees of the foreign exchange trading company Gaitame.com work in front of monitors showing the Japanese yen exchange rate against the U.S. dollar, the euro and Nikkei share average at its dealing room in Tokyo, Japan June 22, 2022. REUTERS/Issei Kato
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TOKYO, June 22 (Reuters) – Asian stocks slipped in volatile trade on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar.
MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 1%, but was still up 1.39% on the more than five-week low it hit on Monday. Tokyo’s Nikkei (.N225) gave up early gains and was flat.
Investors are continuing to assess how worried they need to be about central banks pushing the world economy into recession as they attempt…
