Frankfurt The Asian stock markets lost momentum on Tuesday after a strong start to the week. The global energy crisis rekindled investors’ fear of inflation and clouded the mood ahead of the balance sheet season. “The risk markets had a mixed start to the week due to sparse data in the run-up to the US earnings season,” said ANZ analysts in a press release. “The economies seem to be entering a more difficult period and we think investors and companies will be watching closely what the economic data and earnings results are.”
The Nikkei index, which comprises 225 values, was 0.7 percent lower at 28,287 points. The broader Topix index fell 0.7 percent and stood at 1983 points. The Shanghai stock exchange was 0.5 percent in the red. The index of the most important companies in Shanghai and Shenzen lost 0.4 percent.
In Asian foreign exchange trading, the dollar was almost unchanged at 113.30 yen and stagnated at 6.4528 yuan. In relation to the Swiss currency, it was quoted 0.1 percent lower at 0.9270 francs. At the same time, the euro remained almost unchanged at 1.1553 dollars and was quoted little changed at 1.0717 francs. The pound sterling stagnated at $ 1.3598.
More: Fear of inflation suppresses buying mood on Wall Street – Dow Jones closes in positive territory
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