Stock Market Live Updates: Asian markets decline as US stocks tumble on Fed’s prolonged rate outlook

Sensex, Nifty, Share Prices LIVE: Asian markets opened with declines as US stocks fell after the Federal Reserve signalled prolonged higher interest rates. Japan’s Nikkei slid by 1.59% to 32,931.96, Topix down by 0.36% at 2,357.97. South Korea’s KOSPI fell 0.45% to 2,595.69, Australian shares dropped 0.39% to 7,493.80. Conversely, Hong Kong’s Hang Seng index gained 0.16% at 16,673.40. The Fed’s December meeting highlighted inflation control but lacked clarity on rate adjustments. S&P 500 closed down by 0.8%, Nasdaq Composite by 1.18%, Dow Jones Industrial Average by 0.76%. Read More | Source: The Hindu Business Line