Asian stocks lose bounce from shorter China quarantine, slip on inflation fears

Asian shares had ended the previous session on a positive trajectory after China announced an easing of its quarantine requirements for inbound passengers

Stocks fell across Asia on Wednesday morning, extending overnight losses on Wall Street amid concerns over recession, inflation and high oil prices, which also boosted the safe-haven dollar, Qazet.az reports.

Japan's Nikkei index fell 1.01% in early trading, while MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 1.1%, dragged lower by Australian shares (.AXJO), off 1.29%, and Korea's KOSPI (.KS11), down 1.57%.

Asian shares had ended the previous session on a positive trajectory after China announced an easing of its quarantine requirements for inbound passengers, in what some observes saw as the biggest relaxation so far of its "zero COVID" strategy.