Asian shares extend global selloff amid bets on more aggressive Fed

Record ID: 1688955

  • Title: Asian shares extend global selloff amid bets on more aggressive Fed
  • Date: 14th September 2022
  • Summary: HONG KONG, CHINA (SEPTEMBER 14, 2022) (REUTERS) PEOPLE WALKING OUTSIDE HONG KONG EXCHANGE SQUARE STOCK PRICES ON MOVING TICKER ELECTRONIC SCREEN SHOWING HANG SENG INDEX AT MARKET OPENING PEOPLE WALKING OUTSIDE HONG KONG EXCHANGE SQUARE, MOVING TICKER, FLAGS FLYING FLAGS OF CHINA, HONG KONG AND HONG KONG LAND FLYING VARIOUS OF TRAFFIC MOVING IN HONG KONG CENTRAL DISTRICT VARIOUS OF PEOPLE WALKING ON FOOTBRIDGE SEOUL, SOUTH KOREA (SEPTEMBER 4, 2022) (REUTERS) PEDESTRIANS CROSSING STREET STATUE OF SEJONG THE GREAT AT SEJONGNO, GWANGHWAMUN PLAZA TICKER SHOWING KOREA COMPOSITE STOCK PRICE INDEX (KOSPI) AT 2,403.29 IN TRADING ROOM AT KEB HANA BANK ELECTRONIC BOARDS SHOWING KOSPI AT 2,401.67 VARIOUS OF DEALERS WORKING IN TRADING ROOM TICKER MOVING, SHOWING KOSPI AT 2,401.80 DEALER TALKING ON THE PHONE SCREENS SHOWING KOSPI AT 2,403.26 AND USD/KRW EXCHANGE RATE DEALERS WORKING IN TRADING ROOM
  • Embargoed: 28th September 2022 04:10
  • Keywords: Asia Federal Reserve Hong Kong Hong Kong Exchange Japan Jerome Powell KOSPI Nikkei Shanghai Composite Index Shanghai Stock Exchange South Korea finance markets stock exchange
  • Location: TOKYO, JAPAN / HONG KONG, CHINA / SEOUL, SOUTH KOREA
  • City: TOKYO, JAPAN / HONG KONG, CHINA / SEOUL, SOUTH KOREA
  • Country: Various
  • Topics: Commodities Markets,Economic Events
  • Reuters ID: LVA002513514092022RP1
  • Aspect Ratio: 16:9
  • Story Text: Asian shares tumbled on Wednesday (September 14), the dollar held firm and the U.S. yield curve was deeply inverted, as a white-hot U.S. inflation report dashed hopes for a peak in inflation and fueled bets that interest rates may have to be raised higher and for longer.
    Japan's Nikkei 225 index dropped 2.7%, falling below 28,000 shortly after opening for the first time since September 8. In Hong Kong, the benchmark Hang Seng Index slid two percent, or 393.56 points, to 18,933.30.
    South Korea's benchmark KOSPI fell 53.17 points, or 2.17%, to 2,396.37 as of 0108 GMT, erasing most of the previous session's sharp gains.
    (Production: Akiko Okamoto, Daewoung Kim, Tom Bateman, Joyce Zhou, Heejung Jung)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2022. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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