Upward trend and nervousness in Asian markets

Upward trend and nervousness in Asian markets
Japan Stock Exchange

Investors in Asia are unsettled by the inflation data from the USA.

(Photo: AP)

Frankfurt, Tokyo Asian stocks followed Wall Street’s uptrend on Friday. However, gains could erase quickly if investors realize that soaring US inflation could lead to longer-term higher interest rates and accelerate a global recession. “Equity investors appear to have decided that stronger US inflation is not yet removing expectations of sharply falling prices,” said Rodrigo Catril, senior FX strategist at NAB.

The Tokyo stock exchange initially showed itself stronger on Friday. The Nikkei index, which comprises 225 stocks, was 3.3 percent higher at 27,112 points. The broader Topix index rose 2.6 percent to 1,902 points. The Shanghai stock exchange was up 1.6 percent. The index of major companies in Shanghai and Shenzhen gained 1.9 percent.

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