Asian Markets Retreat, Nikkei Snaps Win Streak, as Growth Concerns Weigh on Investors
• Asian shares sank on Tuesday, with Hong Kong's Hang Seng index down nearly 2% due to jitters over Chinese markets • Tokyo's Nikkei 225 index fell, ending a New Year's winning streak that had taken it to its highest level in 34 years • Questions remain over when the Bank of Japan will end its longstanding negative interest rate policy • IMF head Georgieva warned China's growth rates could decline under 4% if reforms are not enacted to spur consumer spending • U.S. stocks have been surging toward records for months on hopes inflation is cooling enough for the Fed to cut interest rates