Tokyo, Sydney Investors in Asia pulled out of the markets on Thursday after the much-anticipated interest rate decision by the US Federal Reserve amid banking turmoil. The Nikkei index, which comprises 225 values, was 0.2 percent lower at 27,400 points. The broader Topix index fell 0.4 percent to 1,954 points.
The Shanghai stock exchange was down 0.1 percent. The index of major companies in Shanghai and Shenzhen gained 0.3 percent.
As was generally expected, the Fed raised the key interest rate by a quarter of a percentage point to curb inflation. According to experts, however, many traders had actually hoped that the peak in interest rates had now been reached. The eight rate hikes in a row were among the factors blamed for the biggest tremor in the banking sector since the 2008 financial crisis.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further