Asian shares slip, bitcoin tumbles as inflation worries linger

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Reuters

By Hideyuki Sano TOKYO (Reuters) – Asian stocks dipped and cryptocurrencies extended losses on Wednesday as uncertainties over inflation prompted investors to reduce exposure to riskier assets for now. Also weighing on digital coins was a new Chinese ban on financial institutions providing services related to cryptocurrency transactions. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.3% though Hong Kong and South Korea are closed for holiday. Mainland China’s CSI300 slipped 0.6% while Japan’s Nikkei lost 1.1%. Wall Street stocks slid late in the session to end lower on Tu…

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