Nikkei, Topix and Co. Asian markets cautious due to omicron spread before Fed decision

Nikkei, Topix and Co. Asian markets cautious due to omicron spread before Fed decision

Nikkei, Topix and Co. Asian markets cautious due to omicron spread before Fed decision
The stock exchanges in Asia are waiting.  Source: dpa

The markets in put in reverse on Tuesday due to rising omicron cases around the world shortly before the decision of the US Federal Reserve. The combination of the economic risks of the Corona mutant and a possibly more restrictive tone on Wednesday dampened the risk appetite of investors. “We expected the Fed to accelerate tapering and, of course, to bring the rate hikes forward. So it will be interesting to see how the market handles this, ”said John Milroy, a consultant at Ord Minnett in Sydney.

The Nikkei index, which comprises 225 values, was 0.4 percent lower at 28,531 points. The broader Topix index remained unchanged and stood at 1978 points. The Shanghai stock exchange was 0.5 percent in the red. The index of the most important companies in Shanghai and Shenzen lost 0.5 percent.

In Asian foreign exchange trading, the dollar was almost unchanged at 113.61 yen, up 0.1 percent to 6.3669 yuan. In relation to the Swiss currency, it was quoted hardly changed at 0.9228 francs. At the same time, the euro remained almost unchanged at 1.1278 dollars and rose 0.1 percent to 1.0414 francs. The pound sterling lost 0.1 percent to $ 1.3200.