Global equities hit 2-1/2 month lows today after the US Federal Reserve pushed ahead with reducing stimulus, raising concern about more emerging markets weakness and pushing investors towards safe-haven bonds.
The Fed trimmed its monthly bond-buying program by $10 billion and made no mention of the turbulence in emerging markets which some investors had thought might delay the widely-flagged policy move.
In Europe, the FTSEurofirst 300 fell 0.3 percent, also pressured by forecast-missing numbers from Nordic telecom operator TeliaSonera and spirits giant Diageo, which led the fallers.
In Asia, Japan’s Nikkei share average tumbled at one point hitting a 2-1/2-month intraday low.
A rise in the yen also soured overall sentiment. The Nikkei closed 2.5 percent lower at 15,007.06 after falling to as far as 14,853.83, the lowest since Nov. 14.
Source: Buenos Aires Herald