Asian Markets Resume Losses as Traders Brace for Inflation Data, Earnings Season
• Asian markets resumed losses on Wednesday following Wall Street, as traders brace for inflation data and earnings season • Nervousness has swept trading floors as investors worry they priced in too many Fed rate cuts for 2023 • CPI data this week seen as crucial to near-term market performance; miss on upside could spur sell-off • Attention shifts to upcoming earnings season to gauge companies' growth amid high rates • World Bank cutting 2023 global growth outlook, partly due to weaker US and China activity, also weighed on sentiment