Get all your news in one place.
100's of premium titles.
One app.
Start reading
Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Ukraine Fears Weigh on Markets But 'Chance' of Deal Provides Hope

German Chancellor Olaf Scholz is due in Moscow for talks with Vladimir Putin on Tuesday to try to find a diplomatic route out of the crisis in Ukraine (AFP/Sergei SUPINSKY)

Asian markets mostly fell again Tuesday, extending a global sell-off fueled by fears that Russia is about to invade Ukraine, though the losses were more muted than the previous day and oil dipped after Moscow said a diplomatic agreement was still possible.

The crisis in Eastern Europe added to long-running unease about the Federal Reserve's plans to hike interest rates as it battles to rein in 40-year-high inflation with one top official saying the bank needed to act quickly to maintain its credibility, AFP reported.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.