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CNBC TV18

Asian shares slide after Fed chair Warsh flags possible September rate hike; Kospi drops more than 3%

AI Market Summary
Asian equities sold off after Fed Chair Kevin Warsh's Jackson Hole remarks reinforced expectations for a possible September rate hike, tightening global financial conditions and pressuring rate-sensitive tech. Weakness spilled into US index futures, with Nasdaq 100 futures underperforming amid a semiconductor-led decline and higher front-end Treasury yields. Separately, renewed West Asia tensions lifted oil prices, adding an inflation tail-risk that could further constrain risk appetite.
Impact level
● High
Affected assets
NCSINASDAQ1002USD/USDT+0.95%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Asia-Pacific stock markets broadly fell on Monday after Federal Reserve Chair Kevin Warsh signaled a possible rate hike in September. South Korea’s Kospi at one point sank more than 3%, while Japan’s Nikkei 225 fell 1.69% and the MSCI Asia Pacific index slipped 0.8%. U.S. equity futures also moved lower, with S&P 500 futures down 0.5% and Nasdaq 100 futures off 0.7%.
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