iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Asian markets decline as Fed signals March rate hike; Dow Futures sheds over 300 points

27 Jan 2022 , 08:45 AM

Asian markets on Thursday slumped after the Federal Reserve’s chairman signaled plans to steadily tighten policy. Japanese ‘Nikkei’ trading lower by 734 points as global markets react to the Federal Reserve outlook.

South Korean ‘Kospi’ also was weak for another day as ETF outflows from Asia saw most markets trade in the red. Chinese stocks have seen contrarian buying which could continue as the economy recovers. The Shanghai Composite was up fractionally, but the Shenzhen Component slid 0.24%.

Hong Kong’s Hang Seng index and Australian shares fell 2%, Topix was down 1.23% and Hong Kong’s Hang Seng index fell 2%. The Taiwan market is closed for a holiday today.

Further, Dow Jones Futures also fell over 346 points or 1.02%.

Meanwhile, Dow Jones Industrial Average ended the day down 129 points, after gaining more than 500 points in intraday trade. The S&P 500 slid 0.2% to 4,349.93, while the Nasdaq Composite ended the session almost flat at 13,542.12.

Related Tags

  • Asian markets
  • Australias S&P/ASX 200
  • brent crude oil
  • Chinas Shanghai Composite
  • Dow Futures
  • Fed signals March rate hike
  • Global market sell off
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.