Stocks Waver as Investors Grow Cautious Over Inflation and Fed Policy
• Stocks in Asia mixed after Wall Street pullback from recent rally
• Investors cautious amid high inflation and uncertainty over Fed policy
• Yen stable near 17-month low against dollar; Chinese yuan gains after central bank signals currency support
• Strategists warn lofty valuations hard to justify if earnings growth fails to accelerate
• Oil holds biggest weekly gain with OPEC+ affirming production cuts amid geopolitical tensions