As rate increases approach, stocks find it difficult to advance.

Despite the dollar reaching multi-week highs, Asian stock markets were pinned near seven-week lows on Thursday due to investors' concerns that interest rates would need to keep increasing and remaining high to stop inflation in the wake of a slew of positive economic data. The broadest MSCI measure of Asia-Pacific shares outside of Japan dropped to its lowest level since January 6 during early trading. It exploded 0.5% higher by late morni....