From export bans to price controls, governments in Asia are taking a much more targeted approach than their Western counterparts in curbing global inflationary pressure, a strategy that appears to be working at least for now.
Overnight U.S. stocks diverged as the Nasdaq plunged more than 2% and Chinese stocks fell in general.
Singapore's economy expanded more than initially estimated in the first quarter but annual GDP will likely be in the lower half of the government's forecast range, officials said on Wednesday, citing war in Ukraine and supply chain disruptions.
