Asian shares were mixed on Monday as worries about the pandemic, inflation and the war in Ukraine weighed on market sentiment.
Japan’s benchmark Nikkei 225 JP:NIK slipped 0.3%, while Australia’s S&P/ASX 200 AU:XJO gained 0.3%. Hong Kong’s Hang Seng HK:HSI surged 1.5% while the Shanghai Composite index CN:SHCOMP edged 0.1% lower.Japan’s benchmark Nikkei 225 NIK slipped 0.3%, while Australia’s S&P/ASX 200 XJO gained 0.3%. Hong Kong’s Hang Seng HSI surged 1.5% while the Shanghai Composite index SHCOMP edged 0.1% lower.
More broadly, the war in Ukraine and inflation are clouding the global outlook. The Federal Reserve’s moves to raise interest rates to counter surging prices are another worry in uncertain times. Meanwhile the war is adding to worries over instability, energy prices and economic slowdowns in various nations. Over the weekend, Ukrainian President Volodymyr Zelenskyy accused the West of cowardice, pleading for fighter jets and tanks to help defend his country from Russia’s invading troops.
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