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3:33, 11 October 2018

Asian markets fall sharply following US losses

Asian markets fall sharply soon after US losses

Asian stocks slumped in early trade as concerns about higher US interest prices and a international trade war prompted investors to sell threat globally.

Markets in Asia took their cue from US stocks, which suffered their sharpest one particular-day falls in months. on Wednesday.

Japan’s benchmark Nikkei 225 is down 3.6%. In China, Hong Kong’s Hang Seng slumped three% and the Shanghai Composite shed two.six%.

The US Federal Reserve raised prices in September as the economy grows solidly.

Higher interest prices tends to make borrowing a lot more costly, slowing economic activity and hurting investor appetite for threat.

A US-led trade war against China has also made investors worried about the outlook for worldwide growth.

Elsewhere in Asia, South Korea’s benchmark Kospi index fell two.eight% and Australia’s S&ampP/ASX 200 index fell 1.9%.

Published at Thu, 11 Oct 2018 02:06:09 +0000

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