Asia stock markets decline amid inflation, oil price worries | AP News

Japan’s Nikkei 225 dropped 1.1% to 29,436.73 in early trading, following a national holiday Tuesday.

“Markets continue to shift their expectations toward a tighter Fed monetary policy,” said Yeap Jun Rong, a market strategist at IG, adding that investors will be watching for U.S.

Wall Street closed out a wobbly day of trading, as gains in banks and energy companies tempered losses elsewhere in the market.

More than 60% of the stocks in the S&P 500 rose.

Best Buy slumped 12.3%, the biggest drop in the S&P 500, as concerns about tighter margins outweighed solid earnings.

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