HONG KONG: Asian markets were mixed Tuesday as investors scrabbled to recover from the previous day’s rout but fears over the impact of China’s Covid-induced lockdowns and the Federal Reserve’s plan to hike interest rates quickly continue to drag on sentiment.
The Omicron flare-up across China has led authorities to impose strict containment measures in its biggest cities, shutting off millions of people and threatening to deal a hammer blow to the world’s number two economy.
While Shanghai — the largest city — has been in lockdown for weeks, Beijing has launched mass testing for nearly…
