(MENAFN) Main Asian indices ended the midweek in the red territory due to recession worries because of present interest rate rises, mainly in the US, which declines risk appetite worldwide.
The Indian central bank on Wednesday surged its policy interest rate by 35 basis points to 6.25 percent.
The US Fed is also estimated to surge the interest rate by 50 basis points next week.
China's foreign exchange jumped by 8.6 percent to 38.34 trillion yuan (nearly USD5.5 trillion) on a yearly basis in the January-November period of 2022, as shown by new official numbers on Wednesday.
In the meantime, China carries on to take actions to soften COVID-19 actions, which triggered protests in latest periods.
The Asia Dow, which involves blue-chip firms in the area, was decreased 1.48 percent to 3,208.09 points, whereas Tokyo’s Nikkei 225 declined 0.72 percent to stand at 27,686.40.
The Hang Seng, the main for blue-chip shares exchange on the Hong Kong share exchange, decreased 3.22 percent to 18,814.82 points.
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