SINGAPORE – Asian stocks struggled on Thursday, dragged by selling in Hong Kong tech shares, while the dollar was under pressure and short-dated bonds were firm as softening U.S. inflation seemed to suggest the U.S. rate hike cycle was nearing its end. Early in the Asia day the euro hit a 2-1/2 month top at $1.10. Investors reckon Europe's central bankers will need to stay on the hawkish side for longer than their U.S. counterparts to rein in rising prices. MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.

https://business.inquirer.net/395670/tech-drags-hong-kong-stocks-dollar-squeezed-as-us-inflation-slows

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