Asian stock markets close lower ahead of FOMC decision

Lola Evans
21 Sep 2022, 16:33 GMT+10

Stocks in Asia wilted on Wednesday following further falls on Wall Street overnight.
The U.S. Federal Reserve is expected to hike interest rates by 75 basis points.
In Japan, Wednesday, the Nikkei 225 tumbled 318.19 points or 1.15 percent to 27,370.

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.

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 Paris Guardian.

More Information

7 ℃

Light Rain in Paris/Orly

International

Section

Michigan man sentenced to prison term for keeping dead wife in freezer

MOUNT PLEASANT, Michigan: This week, a judge sentenced a Michigan man who kept his dead wife's body in a freezer ...

US CDC says life expectancy for newborns in 2022 gained a year

ATLANTA, Georgia: After two consecutive years of declines mainly caused by the COVID-19 pandemic, babies born in the U.S. in ...

Three more Israeli troops die in Gaza conflict, death toll hits 400

The number of soldiers in the Israeli army killed in the current Israel-Hamas war has topped 400. Three hundred and ...

Detention extended by Russian court of WSJ's US reporter

MOSCOW, Russia: A Russian court has extended the detention of Evan Gershkovich, a U.S. reporter for the Wall Street Journal, ...

Casualties mount again in Gaza as bombardments gather pace

Israel intensified its deadly bombardment of the Gaza Strip Saturday as renewed fighting with Hamas entered a second day following ...

Nikki Haley's 2024 Republican presidential bid endorsed by Koch Group

ARLINGTON, Virginia: This week, the conservative U.S. political network Americans for Prosperity Action (AFP Action), led by billionaire Charles Koch, ...