Asian stock markets fell sharply after the US losses

Asian stock markets fell sharply after the US losses

Asian markets fell sharply in early trading on Thursday as fears of rising US interest rates and global trade wars prompted investors to sell risk on a global scale.

The Hang Seng Index fell 3.76% in early trading. Over the mainland, Shanghai Composites and Shenzhen Composites both fell more than 3%.

The Shanghai Composite Index fell 4.34%, and Shenzhen fell about 5.42%.

In Taiwan, as of 10:50 am, Taiwanese lens maker and Apple supplier Largan Precision fell 9.47% and Taiex fell 5.72%.

The ASX 200 index fell 2.41%, and most sectors were lower.

The country’s major banking name fell, and Federal Bank’s share price fell 2.33%. Mining stocks also fell, with Rio Tinto down 2.65% and BHP Billiton down 3.4%.

The Japanese market continued to waver in the morning. The Nikkei 225 index fell 3.54%, the East China Index fell 3.52%, and the major sectors fell.

On Wall Street, the S&P 500’s biggest one-day drop since February hit a massive $850 billion in wealth due to concerns about slowing demand.

The Standard & Poor’s 500 index fell 3.29% on Wednesday, the Nasdaq Composite fell 4.08%, and the Dow Jones index fell 2.2%.

The blood leak is enough to draw the attention of US President Donald Trump, who accused the Fed of raising interest rates.