Asian shares fall as rising energy costs fan inflation fears


A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Oct. 12, 2021. Shares retreated in Asia on Tuesday as surging prices of oil, coal and other energy added to concerns over inflation. - AP

HONG KONG, Oct 12 (AP): Shares retreated in Asia on Tuesday as surging prices of oil, coal and other energy added to concerns over inflation.

Benchmarks declined in Tokyo, Hong Kong and Shanghai. Oil prices advanced, having closed above $80 per barrel in New York after trading briefly above $81 per barrel on Monday for the first time in seven years.

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