Most Asian stocks dip ahead of Fed move

HONG KONG: Most Asian equities fell on Tuesday after the previous day's global rout, but dip-buying helped pare early losses, while Europe saw gains, with attention turning to the Federal Reserve (Fed) as it prepares to ramp up interest rates to fight runaway inflation.

Panic has swept through trading floors since official data last Friday showed US consumer prices rising at their fastest pace in 40 years on account of a spike in energy and food costs caused by the war in Ukraine, China's lockdowns and supply chain snarls.