Asian markets fall on China interest rate hike
Hong Kong, China (CNN) — Asian markets fell on Wednesday, following the reaction of U.S. and European markets to China’s decision to raise its benchmark interest rates by a quarter-percentage point. Japan’s Nikkei was down a little over 2 percent, China’s Shanghai Composite Index was off 0.26 percent and Hong Kong’s Hang Seng Index fell 0.88 percent. Korea’s KOSPI was up slightly 0.54 percent and Australia’s S&P/ASX 200 was down 0.85 percent. “This is classic…
View original post here:
Asian markets fall on China interest rate hike
Posted by
on October 20, 2010. Filed under
News.
You can follow any responses to this entry through the
RSS 2.0.
You can leave a response or trackback to this entry