How the world is responding to Jerome Powell's flagging interest rate hikes
The Dow Jones Industrial Average shed around 575 points, or 1.7%, to finish at 32,856.46
The European market also turned red. The pan-European STOXX 600 index lost 0.77%
The latest remark by the US Federal Reserve Chair Jerome Powell on interest rate hikes has fueled volatility in global markets. All major US benchmarks slid more than 1% while equity futures for Australia, Japan, and Hong Kong also declined.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started