- Dubois destroys Joshua to retain IBF world heavyweight crown
- Guardiola says critics want Man City wiped 'from face of the Earth'
- Biden says 'Quad' is 'here to stay' despite challenges
- Dubois knocks out Joshua to retain IBF world heavyweight crown
- Vinicius helps 'faster' Madrid overturn stubborn Espanyol
- Zelensky to press US on long-range missile strikes inside Russia
- PSG drop first points in draw at Reims
- Vinicius, Mbappe on target as Madrid crush plucky Espanyol
- Jeeno leads Ko by two at LPGA Queen City Championship
- Bottega Veneta goes for 'E.T.' chic as Madonna pops into D&G
- Messi, Miami frustrated by New York late leveler
- Musk's X platform takes first step toward lifting Brazil ban
- 'Business as usual' for Australia match-winner Carey amid boos
- Israeli jets pound Lebanon after deadly Beirut strike
- Ten Hag bemoans Man Utd's lack of killer instinct in Palace stalemate
- France's Macron appoints new government in shift to right
- Cheika proud of Leicester grit after winning start as boss
- Profligate Man Utd pay price in 0-0 draw at Palace
- Kane, Olise run riot as Bayern thump Bremen
- Diaz fires Liverpool top of Premier League, Man Utd held at Palace
- LIV champion Rahm out of LIV Team semis with severe flu
- Slot surprised by tearful Nunez's moment of magic
- Title rivals Norris, Verstappen on 'cool' front row for Singapore GP
- Biden talks China with 'Quad' leaders in hometown summit
- Juve and Napoli play out goalless draw in early Serie A title tussle
- Alcaraz fears tennis tour grind will 'kill us'
- Carey sparks recovery as Australia thrash England in 2nd ODI
- Leclerc, Sainz lament 'disappointing' Saturday in Singapore
- Bottega Veneta holds investors' aces as Madonna pops into D&G
- Beirut digs for victims at building flattened in Israeli strike
- Verstappen stages protest over 'ridiculous' swearing punishment
- Bayern boss Kompany lauds 'special talent' Olise
- Diaz fires Liverpool top of Premier League, Spurs bounce back
- Heavy fire over Israel-Lebanon border after deadly Beirut strike
- Ramos guides unbeaten Toulouse to Montpellier win despite Hogg scuffle
- Myanmar flood death toll jumps to 384
- Chelsea owners 'happy' with win at West Ham amid rift report
- Kane and Olise run riot as Bayern thump Bremen
- Ramos guides unbeaten Toulouse to Montpellier win
- Norris pips Verstappen to dramatic Singapore pole after Sainz crash
- Carey takes Australia to 270 in 2nd ODI against England after collapse
- Two Hezbollah leaders killed in Israel's Beirut strike
- Hungary Danube waters reach decade high after Storm Boris
- Bagnaia cuts Martin's MotoGP lead with Emilia-Romagna sprint win
- Jackson double fires Chelsea to victory at woeful West Ham
- Fiji beat Japan to lift Pacific Nations Cup
- Kasatkina to face Haddad Maia in Korea Open final
- S.Africa snowfall closes roads, strands motorists overnight
- Lawyers of women alleging Al-Fayed sex abuse receive over 150 new enquiries
- President Museveni's son backs Ugandan strongman for 7th term
Asian markets rise but inflation, Ukraine fears linger
Asian stock markets mostly rose in early trade Thursday after a recovery on Wall Street, but investors remained cautious about the ongoing impact of skyrocketing inflation and the war in Ukraine.
Prices were already soaring in major economies when Russia's invasion of Ukraine sent shockwaves through the global energy, food and commodity markets.
Despite lingering concerns about the US Federal Reserve's next moves to contain prices, Wall Street enjoyed a buoyant session -- especially the tech-rich Nasdaq, which surged 2.0 percent.
Asia was in a similar mood Thursday as Tokyo soared 1.3 percent and Hong Kong put on 0.8 percent. Sydney, Shanghai and Taipei were also in positive territory, but Seoul dipped.
South Korea's central bank on Thursday raised its key interest rate to the highest level since August 2019 to tame rising inflation.
Analysts warned overnight that the uncertainty is far from over.
"With a thicker fog of war starting to roll in and engulf the global markets again, it is another worrying setup amid the widespread bearish sentiment out there," Stephen Innes of SPI Asset Management said in a note.
Data this week from the United States -- the world's biggest economy -- and Britain showed inflation at levels not seen in decades.
Analysts said, however, that markets had welcomed an indication that US inflation may be approaching its peak.
- 'Countervailing forces' -
The grim outlook was reflected in the latest earnings report from JP Morgan Chase, the largest American bank by assets.
"There's this very strong underlying economy," its chief executive Jamie Dimon said.
But he pointed to "countervailing forces", including rising interest rates, inflation and the war in Ukraine.
"And those things are going to collide at one point, probably sometime next year," he said in a conference call with reporters.
"I'm not predicting a recession... But is it possible? Absolutely."
Both main oil contracts hovered above the $100 per barrel mark, with fears swirling about global supply constraints over the invasion of Ukraine by Russia -- a major producer of oil and gas.
"The oil complex is heavily fixated on the short-term," Vandana Hari of Singapore-based Vanda Insights told Bloomberg News.
"The prospect of an EU ban on Russian oil will keep the market on edge as long as Ukraine festers."
- Key figures around 0230 GMT -
Tokyo - Nikkei 225: UP 1.3 percent at 27,182.50
Hong Kong - Hang Seng: UP 0.8 percent at 21,535.37
Shanghai - Composite: UP 0.6 percent at 3,203.94
Euro/dollar: DOWN at 1.0888 from $1.0894 at 2100 GMT
Pound/dollar: UP at $1.3117 from $1.3109
Euro/pound: DOWN at 83.01 pence from 83.03 pence
Dollar/yen: UP at 125.62 from 125.59
Oil - Brent: DOWN 0.7 percent at 108.05 per barrel
Oil - WTI: DOWN 0.8 percent at 103.41 per barrel
New York - Dow: UP 1.0 percent at 34,564.59 (close)
London - FTSE 100: UP 0.1 percent at 7,580.80 (close)
-- Bloomberg News contributed to this story --
F.Pavlenko--BTB