Asian markets struggle out of gate for new year

Asian stocks started Tuesday on the back foot as traders in most markets returned from the new year break to the same worries over interest rates, China’s growth and the Ukraine war, which fuelled a worldwide rout last year.

While 2022 was painful for investors, there is a fear that the next 12 months could be as bad, with the head of the International Monetary Fund warning a third of the global economy could slip into recession.

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