Equity movements continued to be subdued overshadowed by interest rate hikes by 4 different central banks this Thursday.
The main focus was on the Federal Reserve (Fed) which saw 81% of market players betting on an interest rate hike of 75 basis points while 19% expected a jump of 100 basis points.
The streak, Wall Street remained in the red zone with the Dow Jones Industrial down 1.01% at 30,706.23, the S&P 500 lost 1.13% at 3,855.93 and the Nasdaq Composite down 0.95% at 11,425.05.
The market is also awaiting the implementation of policy tightening from Britain, Switzerland and Japan which will certainly affect equities in the European and Asian regions.
As a result, the STOXX 600 index lost 1.09% and MSCI's broadest gauge of worldwide shares lost 0.85%.
The situation in the Asian region saw Japan's Nikkei 225 down 1%, Topix down 0.94% and Australia's S&P/ASX 200 down 0.32%.
South Korea's Kospi fell 0.35% and MSCI's broadest index of Asia Pacific shares outside Japan slipped 0.17%.
Market analysts comment that the situation where equities weaken will remain for the time being and may also be after the important meeting later.
In the meantime, the decline in equity coincided with the surge in the value of the United States (US) dollar.
The dollar index continued to strengthen 0.5% for 5 consecutive sessions at 110.13 after hitting a high of 110.79 this month while the Yen weakened 0.4%.
Following the dollar's rise were Treasury yields where the 2-year note hit 3.992% and the benchmark 10-year Treasury surged 3.569% with expectations of an aggressive Fed rate hike being the main driver.
