S&P 500 tumbles 2%, Nasdaq Composite 3% after hawkish Fed minutes
On Wednesday, the S&P 500 tanked 1.9 percent, the Dow Jones 1.1 percent and the technology stocks-heavy Nasdaq Composite 3.3 percent.
Minutes of the Federal Reserve meeting signaled the US central bank may have to raise interest rates sooner than expected.
S&P 500 futures were up 0.1 percent in Asia early on Thursday.
Asian shares fall tracking Wall Street after Fed minutes signal sooner-than-expected rate hikes
Equities in other Asian markets fell tracking deep losses on Wall Street overnight, after minutes of the latest Fed meeting indicated Fed officials were ready to hike interest rates sooner than expected.
MSCI’s broadest index of Asia Pacific shares outside Japan was down 0.2 percent.
Japan’s Nikkei 225 tumbled 1.9 percent and China’s Shanghai Composite fell 0.4 percent. Hong Kong’s Hang Seng was flat.
South Korea’s KOSPI was down 0.2 percent. Singapore’s Straits Times was up 0.3 percent.
Welcome to CNBC-TV18’s Live Market Blog
Good morning, readers! Welcome to CNBC-TV18’s market blog, where we provide rolling live news coverage of the latest events in the stock market, business and the economy. We also get you instant reactions from our stellar lineup of TV guests, in-house editors, researchers and reporters.
Have a great day ahead. Good luck!