Asian stock markets are lower after Wall Street's biggest weekly gain in 16 months as investors watch efforts to negotiate an end to Russia’s war on Ukraine
People walk past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, March 21, 2022. Asian stock markets were mixed Monday after Wall Street turned in its biggest weekly gain in 16 months as investors watched efforts to negotiate an end to Russia’s war on Ukraine. s declined Monday after Wall Street's biggest weekly gain in 16 months as investors watched efforts to negotiate an end to Russia’s war on Ukraine.
“It appears that there is a 50-50 chance of continuing with the pick-up in market sentiments,” said Tan Boon Heng of Mizuho Bank in a report. India's Sensex opened down 0.4% at 57,621.80. New Zealand and Singapore gained while Jakarta and Bangkok retreated. Last week, Fed Chair Jerome Powell expressed confidence the economy is strong enough to withstand higher interest rates.