There was some minor respite following Monday’s currency turbulence, which saw a surging dollar and falling pound send a shockwave across trading floors

Currency turmoil spooked traders across the region as the British pound dived and investors ran to the US dollar

Stocks across the region were still retreating on Friday after the US Fed’s pessimistic rate hikes forecast rattled investors and unsettled currencies

Hong Kong stocks tumbled to a near 11-year low and Japan shares slipped after the US Fed hiked rates again and warned there was more pain to come

Investor appetite across the region was subdued with the US Fed poised to deliver a hefty interest rate rise and Russia upping the ante over Ukraine

Share gains were limited as the US Fed is expected to raise rates when a two-day meeting ends on Wednesday, and many other central banks will likely do the same

Some 13 major central banks are due to meet this week – among them the US Fed – with interest rates around the globe expected to soar

Investors across the region were in downbeat mood on Friday distracted by soaring inflation and imminent US interest rate rises

Investors were in limbo on Thursday, with bargain-buying and caution the balancing themes following Wednesday’s US inflation hit

Higher-than-expected US inflation sent the Nikkei and Hang Seng downwards with investors bracing for sharp rate hikes from the US Fed

Investors across the region were waiting on Tuesday’s latest key US inflation report, while markets in China and South Korea played catch-up after a holiday

With Russian forces on the back foot in Ukraine and worries over harsher US rate hikes receding, traders were in positive mood at the start of the week