Enlarge image
Passers-by are reflected in the stock price board in Tokyo
Photo: FRANCK ROBICHON / EPA
After price losses in Europe, the stock markets in Asia have also come under significant pressure.
The leading Japanese index, the Nikkei, fell to its lowest level since December 2020. At the close of the Tokyo stock exchange, it was down 1.7 percent.
The index of the most important companies on the Shanghai stock exchange also lost value.
The CSI 300, which lists the top 300 mainland China companies, fell 1.2 percent.
The Hang Seng Index in the Hong Kong Special Administrative Region lost almost 1.5 percent.
Yesterday's trading day was also unsettled in Europe and the USA.
The US stock exchanges initially lost significantly on Monday, but then even closed with slight gains.
There were significant price slumps on the European stock exchanges at the beginning of the week.
The Dax closed down 3.8 percent.
On the Paris Stock Exchange, the leading index CAC 40 went down 3.97 percent.
Several factors are making investors around the world nervous:
In the USA, there are signs of an interest rate hike.
The US Federal Reserve is holding a two-day meeting to discuss high inflation.
The key interest rates, which had been reduced to zero due to the corona pandemic, are expected to be raised in March.
Observers expect sharp price fluctuations when the Fed gives further outlook on its interest rate policy on Wednesday after the two-day meeting of its Open Market Committee.
There is no relaxation in the Ukraine crisis.
The United States and several European countries have warned Russia of the serious consequences of an attack on Ukraine.
With the global spread of the omicron variant, there are growing concerns about the economic impact.
So far, China has been pursuing a strict zero-Covid strategy: the slightest hint of the virus leads to targeted lockdowns, contact tracing and long quarantines.
If the number of cases increases, this could have an impact on global trade and mean further supply chain problems.
In German trading on Tuesday, investors should look, among other things, at how the current Ifo index turns out.
Analysts expect the economic barometer to drop slightly in view of the corona situation.
mmq/Reuters/dpa-AFX