Asian markets went down on the changes in Fed policy

September 27, 2018 - By Mildred Donovan

While the main focus of today’s market is on the new statement from Federal Reserve, and its decision to raise interest rates for another 25 points, which is the third hike in 2018, Asian indexes went down.

During the last 24 hours bank China Renaissance has lost 20 percent in shares value.

At the meantime, after the Fed official statement made on Wednesday, Chair Jerome Powell during his conversation with journalists said that FED did not find inflation very surprising for the upside.

Powell also mentioned new tariffs of American-Chinese trade deals. He told the press that many American businessmen find this war between the USA and China economies very disturbing.

After these words, Asian markets showed negative numbers on the market.

For example, Japanese official index Nikkei went down and finished the market day with 0.99 percent lower, at the 23, 796.74.

As for the ASX 200, it lost 0.18 percent and closed the work with 6,181.2. Meanwhile, stocks of Australian National Bank lost 0.14 percent.

Hang Seng index of Hong Kong was 0.3 percent lower. It was pressured by the news from national bank of China as well.

Shanghai Composite has lost 0.54 percent during the market activity this day and finished it with 2,791.78.

As for the South Korean index Kospi, it broke the common tendency and finished the day 0.7 percent higher. It stopped at the 2,355.43 this Thursday, while its stocks from Samsung Electronics Company jumped 0.21 percent up.

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