- Posted on September 22, 2022
- News
- By FC Team
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Asia markets traded lower on Thursday after the U.S. Federal Reserve raised interest rates and signaled further hikes ahead. U.S. stocks were volatile and closed sharply lower following the announcement.In Hong Kong, the Hang Seng index fell 1.56% in early trade, with the Hang Seng Tech index dropping 1.69%. The Shanghai Composite in mainland China shed 0.16% and the Shenzhen Component rose after dropping earlier.The Nikkei 225 in Japan slipped 0.88%, and the Topix index fell 0.58%.Japan’s central bank is expected to hold interest rates at ultra-low levels and maintain its yield curve control policy — which aims to keep 10-year Japanese government bond yields in a tight range around 0% — as its meeting concludes Thursday.South Korea’s Kospi dropped 1.47% and the Kosdaq lost 2.1%. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3%.Australia’s market was closed for a holiday.cnbc.com