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Asian markets end lower amid worries about inflation

08 Mar 2022 Evaluate

Asian markets ended lower on Tuesday amid worries about inflation following crude oil's sharp uptick to 14 year high amid fears of a ban on Russian oil by the U.S. and its Western allies. There was no major progress in the peace talks between Ukraine and Russia weighed on sentiment. Meanwhile, the U.S. Federal Reserve is preparing to raise interest rates by at least a quarter point at its monetary policy meeting next week. Chinese stocks tumbled amid concerns over inflation, risks from the Russia-Ukraine war and rising Covid-19 cases in mainland China and Hong Kong. Japanese shares hit a 16-month low amid worries that higher input costs may weigh on profit margins in the near term.

Indices

Last Trade           

Change in Points

Change in %    

Shanghai Composite

3,293.53

-79.33

-2.35

Hang Seng

20,765.87

-291.76

-1.39

Jakarta Composite

6,814.18

-54.89

-0.80

KLSE Composite

1,546.87

-25.69

-1.63

Nikkei 225

24,790.95

-430.46

-1.71

Straits Times

3,148.86

-38.96

-1.22

KOSPI Composite

2,622.40

-28.91

-1.09

Taiwan Weighted

16,825.25

-353.44

-2.06


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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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