Asian shares tumble as Bernanke fires warning

clock

Markets in Asia tumbled overnight, with China's domestic market selling off sharply, amid ongoing concerns over the recovery in the west.

Following a warning from Fed chairman Ben Bernanke that the US is not out of the woods yet, shares in major Asian markets fell overnight. The Nikkei was down 0.71%, at 10,182.57 points, while Hong Kong's Hang Seng Index dropped 1% to 20,835.87. Meanwhile China's Shanghai Shenzhen CSI 300 Index fell more than 2%, to 2,487.67. US shares had earlier ended the session lower, with both the Dow and the S&P 500 off after Bernanke's latest comments. The Fed chairman warned investors "it's far too early to declare victory". His comments come despite a resurgence in growth in the US, w...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Partner Insight: Every year counts - Practical support from Octopus to cut through the pre-Budget noise

Partner Insight: Every year counts - Practical support from Octopus to cut through the pre-Budget noise

Helping clients act now for effective estate planning

Toyin Oyeneyin, Tax Product Specialist @ Octopus Investments
clock 24 November 2025 • 6 min read
Budget wish lists: Advisers share hopes and fears ahead of 26 November

Budget wish lists: Advisers share hopes and fears ahead of 26 November

Is increasing income tax the chancellor’s ‘least worst’ option?

Jenna Brown
clock 17 November 2025 • 9 min read
Bank of England holds interest rates at 4% as Budget looms large

Bank of England holds interest rates at 4% as Budget looms large

Five MPC members voted to hold rates

Michael Nelson
clock 06 November 2025 • 3 min read