Asia markets swing as inflation fear tempers recovery hope

HONG KONG (AFP): Asian markets fluctuated Monday (March 22) as the battle between economic optimism and fears about the inflation and possible rate hikes the recovery will fuel continues to play out on trading floors.

The Turkish lira plunged more than 17 per cent at one point in early trade after President Recep Tayyip Erdogan sacked the country's market-friendly central bank chief and replaced him with a former ruling party lawmaker.