Lola Evans
21 Sep 2022, 16:33 GMT+10
SYDNEY, NSW, Australia - Stocks in Asia wilted on Wednesday following further falls on Wall Street overnight.
At the conclusion of the monthly FOMC meeting later Wednesday, the U.S. Federal Reserve is expected to hike official interest rates by 75 basis points.
In Japan, Wednesday, the Nikkei 225 tumbled 318.19 points or 1.15 percent to 27,370.
The Australian All Ordinaries declined 104.90 points or 1.49 percent to 6,925.10.
In New Zealand, the S&P/NZX 50 dropped 71.48 points or 0.62 percent to 11,498.95.
South Korea's Kospi Composite eased 17.60 points or 0.74 percent to 2,350.25.
In Hong Kong, the Hang Seng shed 336.80 points or 1.79 percent to 18,444.62.
China's Shanghai Composite lost 5.23 points or 0.17 percent to 3,117.18.
On foreign exchange markets, the euro fell to 0.9932 around the Sydney close Wednesday. The British pound fell to 1.1357. The Japanese yen was a tad lower at 143.77. The Swiss franc was little changed at 0.9649.
The Canadian dollar was unwanted at 1.3377. The Australian dollar softened to 0.6668. The New Zealand dollar dived to 0.5882.
Overnight on Wall Street, the Dow Jones industrials plummeted 313.45 points or 1.01 percent to 30,706.23.
The Nasdaq Composite declined 109.97 points or 0.95 percent to 11,425.05.
The Standard and Poor's 500 fell 43.94 points or 1.13 percent to 3,855.93.
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationIn Warsaw last February, President Joe Biden condemned the lawless Russian invasion of Ukraine: "The idea that over 100,000 forces ...
TOKYO, Japan: Fears over intensifying Chinese military activity directed towards Taiwan could escalate into war have prompted Japan, the United ...
TEGUCIGALPA, Honduras: After Honduran President Xiomara Castro severed ties with Taiwan in favor of China to gain more investment and ...
NEW YORK, New York - A Manhattan grand jury has indicted Former U.S. President Donald Trump for his role in ...
MEMPHIS, Tennessee: Tennessee authorities are slowly releasing information about a weekend car crash on a freeway that killed six young ...
JAKARTA, Indonesia: Officials from Indonesia's Aceh province said that more than 180 Rohingya Muslims landed this week by boat, in ...
Hyderabad (Telangana) [India], April 1 (ANI): Bhartiya Janata Party (BJP) national president JP Nadda on Friday hit out at Rahul ...
Islamabad [Pakistan], March 31 (ANI): China is working on a request from cash-strapped Pakistan to roll over a USD 2 ...
A three-race short-track portion of the NASCAR Cup Series schedule begins Sunday with the Toyota Owners 400 at Richmond (Va.) ...
DAYTONA BEACH, Fla. -- The ultra-competitiveness of NASCAR Cup Series racing provides so much of the sport's intrigue and when ...
New Delhi [India], March 30 (ANI): Highlighting the country's strides in achieving self-reliance in every sector, Defence Minister Rajnath Singh ...
Haridwar (Uttarakhand) [India], March 30 (ANI): In a first-of-its-kind achievement in India, the work of computerisation of all the 670 ...