CNBC Daily Open: High interest rate worries pressure stocks

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. Hyundai Motor India is a wholly owned Indian subsidiary of South Korean automaker Hyundai. Its initial public offering attracted 278.

"We've raised rates a lot, and the US economy has basically absorbed them and still continues to perform quite well," Minneapolis Federal Reserve President Neel Kashkari said on Monday. That indicates"the neutral rate seems to be higher" at this point of time, Kashkari added.

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