Japan’s Nikkei ends at 1-month low amid political, rate-hike worries
[ TOKYO: Japan’s Nikkei share average ended at a one-month low on Wednesday under broad selling pressure piled on by rising global political tensions and worries that U.S. rate hikes will end up slowing down the world’s economy. The Nikkei lost 1.34% to close at 27,104.32, lowest since Jan. 23, and posted its steepest daily […]
Indian shares fall on rate-hike worries ahead of Fed, RBI minutes
BENGALURU: Indian shares extended losses on Wednesday after strong economic data from the US kept investors worried that central banks, including the US Fed, would have to keep raising interest rates to tackle inflation. The Nifty 50 index was down 0.86% at 17,674.50, while the S&P BSE Sensex fell 0.85% at 60,150.93 as of 10:34 […]
Indian rupee poised to fall on worries over Fed rate path
MUMBAI: The Indian rupee is expected to decline versus the dollar at open following an overnight jump in US yields on bets of more rate hikes from the US Federal Reserve. The non-deliverable forwards indicate the rupee will open at around 82.85 to the US dollar compared with 82.79 in the previous session. The 10-year […]
Nikkei drops to 1-month low on political tensions, rate-hike worries
SINGAPORE: Japan’s Nikkei share average slid to a one-month low on Wednesday under broad selling pressure piled on by rising global political tensions and worries that US rate hikes will end up slowing down the world’s economy. The Nikkei was down 1.3% by the market lunch break in Tokyo and will mark its worst performance […]