There’s a mixed picture in the U.S. markets as the Nasdaq hits a new record high but the Dow and S&P 500 snap two-day winning streaks on the back of continuing inflation fears. Treasury Secretary Janet Yellen, however, says that price pressures should abate later in the year. U.S. Secretary of State Antony Blinken has begun a European tour, first meeting German Chancellor Angela Merkel in Berlin to discuss strategies on containing China. There are reports that Washington may sanction solar products made in China’s Xinjiang province over alleged human rights abuses in the Muslim-majority region. Hong Kong’s last remaining pro-democracy newspaper, Apple Daily, prints its last ever edition after its assets were frozen by Beijing and a series of journalists’ arrests were made under the SAR’s new National Security Law.
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