Asian shares track Wall St drop on growing rate fears

HONG KONG: Asian markets slipped again on Tuesday and the dollar held gains as traders grew increasingly worried that the Federal Reserve (Fed) would continue to hike interest rates to fight inflation.

With the symposium of central bankers and finance chiefs taking place at Jackson Hole in Wyoming this week, the focus is on what Fed Chairman Jerome Powell would say about its plans to tackle prices, with many fearing officials could send the economy into a recession.