Asia-Pacific equities track Wall Street losses amid fears of inflation, covid and geopolitics.
The European Central Bank’s hawkish moves joined hopes of faster rate-hikes elsewhere to weigh on the risk catalysts like Nikkei 225. On the same line, Chinesedropped on concerns of China-based firms’ delisting. Also challenging stocks from China are the latest covid numbers as Beijing reports the highest daily infections in two years.
Looking forward, the UN meeting and updates from Ukraine could keep the driver’s seat while the US Michigan Consumer Sentiment Index for March, expected 61.3 versus 62.8, will also be important to watch for market directions.
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Asian Stock Market: Rebound on subdued DXY despite fears of stagflation and poor Japan’s GDPAsian Stock Market: Rebound on subdued DXY despite fears of stagflation and poor Japan’s GDP By Sagar_Dua24 Asia DollarIndex InterestRate CPI Ukraine
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