Tokyo’s Nikkei fell more than 2% as investors feared the U.S. Federal Reserve (Fed) would further tighten its monetary policy measures.
- The Nikkei 225 closed at 26,319.34, down 684.22, or -2.53%.
Australia’s S&P/ASX 200 closed lower yesterday after the biggest losses in Asian markets. Investors remain concerned about the impact of the Federal Reserve’s (Fed) interest rate hike.
- The S&P/ASX 200 index closed at 7,120.60, down 85.00, or -1.18%.
- The All Ordinaries closed at 7,357.90, down 109.70, or -1.47%.
South Korea’s benchmark KOSPI index fell to its lowest level in 17 months as investors feared a slowdown in the global economy amid the U.S. Federal Reserve’s restrictive stance and ongoing lockdown measures in China’s major cities.
- The South Korean Stock Market Composite Index (KOSPI) closed down 33.70, or -1.27%, at 2,610.81 points today, marking the fifth consecutive day of losses and the lowest level since November 30, when the index closed at 2591.34 points.
The Shanghai Composite Index closed slightly higher in volatile trading. China said that exports grew at the slowest rate in two years due to the impact of China’s lockdown measures to contain the spread of the coronavirus.
- The Shanghai Composite Index closed at 3,004.14, up 2.58, or +0.086%.
The Thai stock market declined in line with other stock markets in the region. Market participants are still concerned about the Federal Reserve (Fed) rate hike
- The SET Close today at 1,604.49 points, down 25.09 points or -1.54%.
The Hong Kong Stock Exchange was closed yesterday (May 9) for Buddha’s birthday.