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 Tennessee Daily.

More Information

53 ℉

Mostly Cloudy in Nashville

Business

Section

U.S. stocks start week in divided territory, dollar jumps

NEW YORK, New York - U.S. stocks closed mixed on Monday following on from last week's volatility."Digestion is the word ...

Microsoft president denies super-intelligent AI possible in 12 months

REDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...

EVs not as reliable as conventional cars, trucks: Consumer Reports

NEW YORK: A survey by Consumer Reports found that electric vehicles (EV) from 2021 through 2023 model years encountered nearly ...

Singapore, Zurich, Geneva are among world's costliest cities

LONDON, UK: In a report released this week, the Economist Intelligence Unit (EIU) said that Singapore and Zurich tied for ...

FAA's new aircraft certification policy changes key flight controls

WASHINGTON D.C.: This week, the U.S. Federal Aviation Administration (FAA) said it implemented a new aircraft certification policy, which requires ...