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Tokyo Nikkei Drops Nearly Four Percent After Trump Fed Comment


Thursday, 11 October 2018 13:42 WIB

Saham JepangIndeksNikkei 225


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Tokyo's benchmark index closed down nearly four percent on Thursday, as US President Donald Trump said the Federal Reserve had "gone crazy" with plans for higher interest rates.

The Nikkei 225 index plunged 3.89 percent, or 915.18 points, to end at 22,590.86, while the broader Topix index shed 3.52 percent, or 62.00 points, to 1,701.86.

In a phone interview with Fox News, Trump said, "The Fed is going wild and I mean I don't know what their problem is but they're raising interest rates and it's ridiculous."

US shares plunged on Wednesday as worries about surging US interest rates and the impact of trade disputes prompted a broad-based sell-off that wiped more than three percent from major indices.

Source : AFP


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