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&P/ASX 200 index fell 1.9%.
Published at Thu, 11 Oct 2018 02:06:09 +0000