Sensex, Nifty, Share Prices LIVE: Asian equities experienced a downturn as Federal Reserve Chair Jerome Powell’s warning of potential further interest rate hikes weighed on investor sentiment. In early trade, the Japanese Nikkei 225 index fell 1.12%, the TOPIX index dropped 0.82%, South Korea’s KOSPI declined 1.09%, and Australia’s S&P ASX 200 was down 0.56%. Simultaneously, Treasury yields rose, with the two-year yield crossing 5%. Powell’s remarks, perceived as more hawkish, underscored the central bank’s readiness to tighten monetary policy as needed.
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