Asian markets trade lower after US sell-off

Wednesday, 28. September 2022 05:55

Equities in Asia-Pacific tracked US markets lower on Wednesday, with Japan's Nikkei 225 tumbling by over 500 points after Wall Street ended its sixth day of stock market sell-off in the red, wiping trillions in market capitalization.

The US investors digested hawkish comments by Minneapolis Federal Reserve Head Neel Kashkari who said that he and his fellow central bankers agree they should keep tightening policy until the inflation nears the bank's 2% target.

Hong Kong's Hang Seng fell by 2.31% at 5:52 am CET, as South Korea's Kospi Composite dropped 2.95% and Japan's Nikkei 225 by 2.16% or 571 points. Australian S&P 200 lost 0.82% at 5:53 am CET as the dollar fell 0.10% against the yen, going for ¥144.677. In mainland China, the Shanghai Composite went down by 0.75% at 5:30 am CET, with the Shenzhen Composite down by 1.46% a minute later.

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Author:
Baha Breaking News (BBN) / NL