IBT Staff Reporter

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A global stocks sell-off extended into the Asia morning on Wednesday, as growing fears about the global economy forced investors to dump riskier assets in favour of safe havens such as the U.S.

Most Asian stock indices fell on Wednesday, as growing fears over the global economy drove investors to dump riskier assets in favour of safe havens such as the U.S.

Major U.S. and European equity indexes rose in choppy trade on Wednesday, and the euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland and investors worried more about the region's economy.

Key U.S. equity indexes ended higher after choppy trade on Wednesday on a boost from strong earnings from Microsoft and Visa, as commodity stocks lifted European shares to their first gain in four sessions.

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The U.S. Congress's official probe into the Jan. 6, 2021, assault on the Capitol by Donald Trump's supporters plans to hold public hearings in June before issuing a final report in early autumn, its chairman said on Tuesday.

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The dollar stood at its highest level since the early days of the pandemic on Wednesday and was heading for its best month since 2015, supported by the prospect of U.S.

The euro fell below $1.06 for the first time in five years against a broadly strong U.S.

The euro fell below $1.06 for the first time in five years against a broadly strong U.S.

The dollar hit a five-year high on Wednesday before the Federal Reserve next week is expected to hike rates, while the euro weakened on growth concerns after Russia cut off gas supplies to parts of the region.

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European diesel imports from Russia are set to fall in April but will still exceed those from other regions, highlighting the challenge European governments face as they contemplate new sanctions on Russian oil.

Oil was broadly steady on Wednesday after Russia cut gas supplies to Bulgaria and Poland, although lingering concerns about Asian coronavirus lockdowns weighing on economic growth and oil demand kept a lid on prices.

Oil was broadly steady on Wednesday after Russia cut gas supplies to Bulgaria and Poland, while lingering concerns about Asian coronavirus lockdowns weighing on economic growth and oil demand kept a lid on prices.

Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe's biggest economy Germany was speeding up plans to wean itself off Russian oil while coronavirus outbreaks clouded China's economic outlook.

Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and as coronavirus outbreaks cloud the economic outlook in China, the world's biggest importer of crude oil.

South Korea's LG Energy Solution Ltd on Wednesday reported a smaller-than-expected 24% drop in quarterly profit as strong sales of its cylindrical batteries to Tesla Inc offset a hit to production due to chip shortages.

LG Energy Solution Ltd (LGES) booked a 24% quarterly profit drop on Wednesday, far milder than market estimates, as strong sales of batteries to Tesla Inc offset troubles at automotive clients where chip shortages have hit production.

U.S. Senator Bernie Sanders on Tuesday called for President Joe Biden to issue an executive order to cut off federal contracts to Amazon.com Inc until the e-commerce company stops what he described as "illegal anti-union activity."

Drone giant DJI Technology Co said it will temporarily suspend business in Russia and Ukraine to ensure its products are not used in combat, making it the first major Chinese firm to cite the conflict in halting sales in Russia.

Top U.S. House Republican Kevin McCarthy told colleagues he feared members of his party, including Representatives Matt Gaetz and Mo Brooks, would put other lawmakers at risk with their comments following the assault on the U.S.

Netflix on Tuesday announced a multi-film deal with Japan's Studio Colorido, as the streaming giant ramps up its anime offering and looks to Asia for growth.

Russia will on Wednesday stop supplying gas to Poland and Bulgaria, the two NATO and EU members said, an escalation in the deepening rift between the West and Moscow over Ukraine as tensions also surged in neighbouring Moldova.

Russia halted gas supplies to Poland under the Yamal contract on Wednesday, data from the European Union network of gas transmission operators showed, in a deepening of the rift between the West and Russia over its invasion of Ukraine.

Both Poland and Bulgaria, both NATO and EU members, had earlier said Russia would stop supplying gas to them on Wednesday, amid a deepening the rift between Europe and Russia over its invasion of Ukraine.