Stocks in Asia continue sliding, Nikkei 225 drops 153 points

Lola Evans
22 Sep 2022, 16:34 GMT+10

Stocks in Asia continued sliding Thursday, extending losses related to the U.S. Federal Reserve's aspirations to aggressively hike interest rates.
In Japan, the Nikkei 225 dropped 152.29 points or 0.56 percent to 27,160.54.
New Zealand's S&P/NZX 50 went against the trend, adding 19.37 points or 0.17 percent to 11,518.32.

TOKYO, Japan - Stocks in Asia continued sliding Thursday, extending losses related to the U.S. Federal Reserve's aspirations to stamp out inflation by aggressively hiking interest rates.

In Japan, the Nikkei 225 dropped 152.29 points or 0.56 percent to 27,160.54.

New Zealand's S&P/NZX 50 went against the trend, adding 19.37 points or 0.17 percent to 11,518.32.

In South Korea, the Kospi Composite slid 15.73 points or 0.67 percent to 2,331.48.

The Australian stock market was closed for a public holiday.

In Hong Kong, the Hang Seng dived 296.67 points or 1.61 percent to 18,147.95.

China's Shanghai Composite closed down 8.27 points or 0.27 percent at 3,108.91.

The U.S. dollar continued to climb. The euro was knocked down to 0.9820 by the close in Tokyo Thursday. The British pound sank to 1.1226. The Japanese yen was sharply lower at 145.19. The Swiss franc inched down to 0.9657.

The Canadian dollar slumped to 1.3527. The Australian dollar slipped to 0.6595. The New Zealand dollar tumbled to 0.5821.

Overnight on Wall Street, the Dow Jones industrials shed 522.45 points or 1.70 percent to 30,183.78.

The Nasdaq Composite declined 204.86 points or 1.79 percent to 11,220.19.

The Standard and Poor's 500 dropped 66.00 points or 1.71 percent to 3,789.93.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Israel Herald.

More Information

17 ℃

Haze in Amman

International

Section

Uzbek capital Tashkent hit by blast, one dead, 162 injured

TASHKENT, Uzbekistan: Uzbek authorities said a powerful explosion on September 28 at a warehouse near Tashkent's airport killed one person ...

Unidentified winner claims Florida's $1.6 billion lottery

TALLAHASSEE, Florida: The Florida Lottery said this week that the second-largest lottery winner in U.S. history has come forward to ...

Survey retains New York as world's top financial center, London second

LONDON, UK: This week, the Global Financial Centers index showed that New York remains the world's leading financial center, with ...

Taiwan develops first domestically-made submarine

KAOHSIUNG, Taiwan: In a significant milestone for its defense capabilities, Taiwan has unveiled its first domestically developed submarine. Although it ...

To avoid 'lecture', Solomon Islands PM says he did not meet with Biden

HONIARA, Solomon Islands: Prime Minister Manasseh Sogavare revealed that he opted out of a Pacific Islands leaders' summit at the ...

First US state tax on firearms, ammunition adopted by California

SACRAMENTO, California: Intending to raise some US$160 million per year to help prevent gun violence, California Governor Gavin Newsom signed ...

Business

Section