Asian stock markets fall sharply after raising interest rates – E24

The mood in Asian stock markets has changed since the broad rise in the east on Wednesday.

On Thursday, the majority of stock markets in Asia will go red, with more than 2 percent of them.

The interest rate is characterized by euros

The growth comes after a new rise in “the world’s most important interest rate,” the US ten-year bond.

This growth creates fears among investors about more expensive loans, which they have often invested at lower interest rates. Reuters.

Wall Street closed with a wide decline on Wednesday night, and the heavier Nasdaq index fell 2.7 percent.

At 6pm on Thursday, the most important stock exchanges in Asia and Australia look like this:

• The Nikkei 225 is down 2.56 percent in Tokyo
• In Hong Kong, Hong Kong fell 2.42 percent
• Cosby is down 1.46 percent in Seoul
• The Shanghai mix is ​​down 1.58 percent
• FDSE Straits Times up 0.18% in Singapore
• In Sydney, the ASX 200 is down 1.04 percent

Reuters: Rising interest rates scare investors

Historic decline due to technological decline

Last year’s corona epidemic led to South Korea’s economy shrink for the first time in 22 years. Jobs are disappearing and purchasing power is declining.

South Korea’s GDP fell 1 percent from the previous year. The country must go back to 1998 when it was in the midst of a deep financial crisis to find the last time the country’s economy shrank. Preliminary figures from the country’s central bank show this on Thursday.

The situation would have been even worse last year had it not been for the country’s technology exports. The epidemic last year forced millions of workers to spend time in home offices around the world. This increased the demand for computers and servers.

The central bank’s forecast for the current year is moderate growth driven by exports. But according to the forecast, it will take longer for the labor market to get back on its feet.