The markets in Asia were in a bad mood after the change in the Fed’s policy outlook

Asian stocks started a new trading week in negative territory. Shares in all major markets weakened on Monday. Most on the Tokyo Stock Exchange. Shanghai, Hong Kong and Seoul lost only slightly.

The Tokyo Stock Exchange recorded the worst daily result since the end of February this year. The main Nikkei index lost 3.29 percent in a single day. During the day, it even touched the lowest level in the last month.

The bad mood was marked by reverberations of reports of an unexpected change in the outlook for the monetary policy of the US central bank. She announced that she would start tightening it in 2023 instead of the original year 2024. Chip manufacturers or chemical companies weakened the most.

The stock index in Hong Kong and Seoul also lost less than one percent. The influence of the American Fed also manifested itself here. In Seoul, technology companies led by Samsung Electronics in particular weakened.

Hong Kong also weakened due to technology stocks, but also due to companies in the financial sector. The smallest loss was suffered by the Shanghai Stock Exchange, whose aggregate index depreciated by only 0.2 percent. Financial and energy companies in particular fell.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Capital.com review: Low fees, strong regulation, but also CFD trading risks

Capital.com offers low fees, an intuitive platform, and access...

Bitlifi Review: A Simple Bitcoin Wallet or a Risk to Your Savings?

Bitlifi has been appearing more frequently in search results...

Porsche’s global sales fell by 15 percent in the first quarter

Global sales of German luxury sports car manufacturer Porsche...

What Is Fiat Money and Why It Has Value

Fiat money forms the foundation of the modern economy....

Licensed crypto services provider crypto4me simplifies cryptocurrency purchasing

Crypto services provider crypto4me has, shortly after launching its...

Who Is Satoshi Nakamoto? New Evidence Links Bitcoin to a British Cryptographer

The mystery that has fascinated the crypto world for...
spot_img

spot_imgspot_img