Asian shares rise as investors pause after selloff

Published by
Reuters UK

By Selena Li HONG KONG (Reuters) – Asian stocks and U.S. share futures turned higher on Tuesday as the market took stock after a recent steep selloff, but concerns remain that aggressive central bank rate hikes to curtail inflation could spark a global recession. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.85% in early trading, edging up from a more than five-week low hit the previous day. Japan’s benchmark Nikkei average opened up 1.16%, and Nasdaq and S&P500 e-mini share futures each rose nearly 1.5%. “I think the green that we’re seeing this morning is not necessarily …

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