Fed interest rates, Wall Street, currencies, yields

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, November 30, 2020.

Toru Hanai | Bloomberg via Getty Images

Stocks in the Asia-Pacific region traded lower on Wednesday, following Wall Street’s negative advance ahead of the Federal Reserve’s planned rate hike.

The Nikkei 225 in Japan fell 1.24%, while the Topix index fell 1.18%. In Australia, the S&P/ASX 200 slipped 1.49%.

Hong Kong’s Hang Seng Index fell 1.51% and the Hang Seng Tech Index fell 2.48%. In mainland China, the Shanghai Composite lost 0.56% and the Shenzhen Component fell 1.166%.

The South Korean Kospi fell 0.9%. MCSI’s broadest index of Asia-Pacific stocks outside Japan lost 1.13%.

“A sourer tone has set in over the past 24 hours, with stocks falling and safe-haven currencies, including the dollar, stronger,” National Australia Bank economist Taylor Nugent wrote in a note. of Wednesday.

The Dow Jones Industrial Average fell 313.45 points, or 1.01%, to 30,706.23. The S&P 500 slipped 1.13% to 3,855.93 and the Nasdaq Composite fell 0.95% to 11,425.05. The dollar index strengthened above the 110 level.

– CNBC’s Samantha Subin and Jesse Pound contributed to this report.

About Alma Ackerman

Check Also

Winning numbers drawn in the game ‘Mega Millions’ | State

Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth …