Asian markets mostly fell today following a dour end to last week for Wall Street fuelled by disappointing economic data, but Frankfurt and the euro rose after conservatives won Germany’s closely watched election.
After a healthy performance on Friday, Asian investors struggled to maintain momentum after big losses in New York, where the Nasdaq lost more than two per cent.
The selling came after a report showed activity in the key services sector hit a 25-month low in February, while separate data indicated consumer sentiment dived almost 10 per cent from January.
Meanwhile, another study revealed that expectations for inflation hit a three-decade high.
