Asian stocks fall as investors await U.S. profits, inflation Fintech Zoom World Finance


Source: fintechzoom.com fintechzoom.com

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BEIJING (AP) — Asian stock markets fell again Tuesday as investors waited for U.S. inflation data amid unease about higher interest rates, Chinese efforts to contain coronavirus outbreaks and Russia’s war on Ukraine. Shanghai, Tokyo, Hong Kong and Seoul fell. Oil prices rose more than $2 per barrel. Wall Street’s benchmark S&P 500 index slid 1.7% on Monday as investors waited for a new round of corporate results to see how profits are affected by inflation that is at a four-decade high. Markets are uneasy about plans by the Federal Reserve and other central banks to try to cool inflation...