What happened? Source: Bloomberg. Price data as of market close on 10 June 2022. US markets fell sharply for the week as stronger than expected consumer price index (CPI) data led to renewed inflation concerns. The CPI rose 8.6% YoY in May, representing a 40-year high and exceeding market expectations for a moderation in inflation to 8.3%. China stocks were a bright spot once again after there were more signs of regulatory easing. The Wall Street Journal reported that Chinese regulators are getting ready to conclude investigations into Didi. There was further optimism after Chinese regulators approved the publishing of several video games, the first since July 2021. Alibaba saw significant swings in its share price after Bloomberg reported that Chinese regulators have started early-stage discussions on a potential revival of Ant Financial’s listing. The bounce in Alibaba’s share price was short lived as Ant said that there were currently no plans to revive a public listing....