Home » Markets still subdued after Wall Street KO: Nasdaq -6.65% in December, Dow Jones -4.8%. Tokyo stock market down

Markets still subdued after Wall Street KO: Nasdaq -6.65% in December, Dow Jones -4.8%. Tokyo stock market down

by admin
Markets still subdued after Wall Street KO: Nasdaq -6.65% in December, Dow Jones -4.8%.  Tokyo stock market down

Asian stocks were negative after the sell-off that hit Wall Street last week following Fed Jerome Powell’s rate announcement. The Dow ended Friday’s session down 281.76 points (-0.85%), registering a weekly decline of -1.66%, taking its month-to-date losses to -4.83%.

The S&P 500 fell 1.11% on Friday, losing 2.08% for the week, accelerating the losses since early December to -5.58%.

The Nasdaq was down 0.97% on Friday, 2.72% for the week, bringing the month’s loss account down 6.65%.

“Monetary policy quickly turned tight, with the Fed raising rates by 400 basis points in nine months,” wrote Ed Moya, senior market strategist for Oanda. “Recession risks will only rise as Powell said rate hikes will continue.

In Asia, the Nikkei 225 index of the Tokyo stock exchange closed the session down by 1.05%; Sydney lost 0.21%, Seoul -0.33%. The Hong Kong Stock Exchange falls by 0.88%, Shanghai loses more than 2%. At 7.55 am Italian time, futures on the Dow Jones, S&P 500 and Nasdaq Composite recorded an increase of around 0.11%.

See also  BYD responded to "Han EV caught fire after being collided": different batches of coolants are of different colors and do not conduct electricity-IT and traffic

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy