Asian and Arab stock exchanges
In Asia, equities fell in China and South Korea. Japanese equities closed Thursday’s trading at the lowest level in two months as investors reacted to Federal Reserve tightening expectations and the Bank’s decision. of Japan to maintain its ultra-accommodative monetary policy.
Among the 225 companies in the Nikkei index, the shares of 150 companies fell, 63 increased, while the performance of the shares of 12 companies remained unchanged.
In the Arab world, the decline was predominant in all markets operating today, while the Saudi market was closed today on the occasion of the National Day of the Kingdom.
Sima Shah, chief global strategist at Principal Global Investors, said in a report following the Fed’s decision: “The Fed is planning a hard landing – a soft landing is almost out of the question … Times will get tougher from here,” according to Bloomberg.
Investor sentiment in the markets has been further hit by the escalation of the war in Ukraine and Russia’s tensions between Beijing and Taiwan.
The euro was close to a 20-year low and the yuan fell even as China set its stronger-than-expected benchmark rate for the 21st day.
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