$NIO Inc (NIO.US)$ Asia-Pacific markets are headed for a fal...
$NIO Inc(NIO.US$ Asia-Pacific markets are headed for a fall on Thursday, following Wall Street reaction overnight after the U.S. Federal Reserve hiked rates by another 25 basis points.
The central bank’s kept its terminal rate forecast at 5.1%, which means that only one more rate hike is expected this year before rates peak.
In Australia, the S&P/ASX 200 dropped 0.77%, and Japanese markets are set to follow in the same direction. The Nikkei futures contract in Chicago at 27,040, and its counterpart in Osaka at 27,010, compared to the Nikkei 225′s last close at 27,466.61.
However, the Hang Seng index looks set to buck the trend and open higher, with Hang Seng futures at 19,762 compared to the index’s last close at 19,591.43.
$Hang Seng Index(800000.HK$
The central bank’s kept its terminal rate forecast at 5.1%, which means that only one more rate hike is expected this year before rates peak.
In Australia, the S&P/ASX 200 dropped 0.77%, and Japanese markets are set to follow in the same direction. The Nikkei futures contract in Chicago at 27,040, and its counterpart in Osaka at 27,010, compared to the Nikkei 225′s last close at 27,466.61.
However, the Hang Seng index looks set to buck the trend and open higher, with Hang Seng futures at 19,762 compared to the index’s last close at 19,591.43.
$Hang Seng Index(800000.HK$
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MonkeyGee : no, it will be there opposite. US rate up makes it better for other countries.
BillyBull : NIO will instead rally.