Asian Markets React Negatively to Fed's Rate Cut Signal

On Thursday, stock markets across Asia experienced significant losses following the Federal Reserve's indication that it might slow down the pace of interest rate cuts next year. This news also negatively impacted Wall Street, with the Dow Jones plunging over 1,000 points by the end of the session. Investors are now anxiously awaiting the Bank of Japan's latest interest rate decision.

Key Market Indexes Show Declines

By 3:15 am CET, the Nikkei 225 dropped 1.20%, the Kospi Composite lost 1.71%, the Hang Seng fell by 1.11%, and the S&P/ASX 200 plummeted 1.86%. In mainland China, the Shanghai Composite decreased by 0.72% at 3:17 am CET and the Shenzhen Composite declined by 0.52%.

Dollar Stabilizes Against the Yen

Meanwhile, the dollar traded flat against the yen, with a rate of 154.55050 at 3:18 am CET.