Pedestrians stand in front of an electronic quotation board displaying the yen’s rate against the US dollar in Tokyo.TOKYO - Tokyo stocks opened lower on Tuesday after a long weekend, tracking falls on Wall Street as investors braced for more large interest rate hikes from the US Federal Reserve.
"Japanese shares are seen starting with falls after days of drops in the US market," senior market analyst Toshiyuki Kanayama said in a note.While that was down from August, it was more than expected, indicating that the US economy is not yet slowing considerably and inflationary pressures likely remain.
The prospect of higher yields on debt was a boon for the dollar, however, which gained on its main rivals.
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North Korea fires two ballistic missiles after allied military drills - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.North Korea fired two ballistic missiles early on Sunday, authorities in neighbouring countries said, the seventh such launch by Pyongyang in recent days that added to widespread alarm in Washington and its allies in Tokyo and Seoul. Now that I've found someone who is an expert in the market, I can earn while i aquire more knowledge about Trading. Trading personally and profiting nothing for the pass 2 years with a lot of loss is really depressing. Let experts like Cynthia_Hanson3 trade on your behalf.
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International Finance: Stocks, treasuries fall as inflation angst rises: markets wrapTechnology companies led stocks lower in Asia amid concern that rising interest rates and geopolitical threats will crimp economic growth.
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Business Maverick: Stocks slump as rate-hike outlook damps sentiment: markets wrapShares opened the week lower amid intensifying concern over the impact of tightening monetary policy after strong labour market data reinforced expectations for more aggressive interest rate hikes from the Federal Reserve. Why not let the business cycle run it's course. If the Government stopped borrowing more and printing more, then there would not be inflation.
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