Stock Market LIVE Updates: Sensex and Nifty50 likely to make a gap-down start today — all eyes on Reliance AGM

Asian shares suffer sharp losses 

Equities in other Asian markets begin the week deep in the red following sharp losses on Wall Street on Friday. Fed Chair Jerome Powell, in a speech at the annual Jackson Hole symposium, sounded more hawkish than many had expected, denting nascent hopes for a more modest path of policy tightening.

MSCI’s broadest index of Asia Pacific shares outside Japan is down 1.5 percent.

–Japan’s Nikkei 225: down 2.8 percent

–China’s Shanghai Composite: down 0.5 percent

–Hong Kong’s Hang Seng: down one percent

–S&P 500 futures: down one percent

Leave a Reply

Your email address will not be published. Required fields are marked *