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 Hong Kong Herald.

More Information

28 ℃

Fair in Hong Kong Intl

China

Section

Factory activity in China shows first increase in six months

BEIJING, China: Official statistics released on the weekend showed that in September, Chinese factory activity expanded for the first time ...

Slow economy means fewer Chinese travel abroad for holidays

SHANGHAI, China: Chinese officials report that 100 million people are traveling daily during the ongoing Golden Week holiday. Three times ...

In $10 billion deal, China Eastern Airlines to acquire 100 more planes

BEIJING, China: In a deal worth US$10 billion at list prices this week, state-owned carrier China Eastern Airlines announced that ...

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 ...

China says Evergrande chairman being investigated for 'illegal crimes'

BEIJING, China: This week, China Evergrande Group said its founder and chairman, Hui Ka Yan, is being investigated over suspected ...

Philippines removes Chinese barrier at shoal in South China Sea

MANILA, The Philippines: The Philippines remains steadfast in its resolve not to yield to Chinese efforts to obstruct its fishermen ...

Business

Section