Asian shares fall as investors await US inflation update
- Investors are on the lookout this week for updates on inflation and corporate profits, while renewed coronavirus outbreaks are adding to jitters. Shares fell in Tokyo, Seoul, Hong Kong and Shanghai but rose in Sydney.
US President Joe Biden speak about the economy and inflation from the deck of the USS Iowa at the Port of Los Angeles on June 10, 2022. - US inflation surged to a new four-decade high in May, defying hopes that price pressures had peaked and deepening President Joe Biden's political troubles as Americans struggle to meet the cost of essentials like food and gas. (Photo by Jim WATSON / AFP)