Asian stock markets are lower as investors wait for U.S. inflation data amid unease about higher interest rates, Chinese efforts to contain coronavirus outbreaks and Russia’s war on UkraineBy JOE McDONALD AP Business WritersApril 12, 2022, 5:37 AM• 3 min readBEIJING — 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 by rolling back ultra-low interest rates. Russia’s attack on Ukraine and China’s decision to shut down most businesses in Shanghai, its commercial capital, to fight coronavirus outbreaks have added to the anxiety.“Worries linger about the COVID-19 situation,” said Anderson Alves of ActivTrades in a report. “Markets are eyeing the situation in Ukraine for signs that could trigger further risk-off price action.”The Shanghai Composite Index


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