Sensex Today | Stock Market LIVE Updates: Asian shares drop sharply as US price data revives rate hike jitters

 

Asian shares slid on Friday while the dollar was firm after U.S. consumer prices increased more than expected, bolstering the case for the Federal Reserve to keep rates higher for longer.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.94% on Friday, on course for its biggest one-day percentage drop in a week, having scaled a three-week high on Thursday.