Market Drivers – Asian Session 24-11-2021

Japan’s Nikkei index fell at the end of trading on Wednesday, after shares of companies that are expected to achieve high growth suffered losses amid investors’ fears that the Federal Reserve may accelerate policy tightening to counter the rising inflation risks.

The Nikkei index closed down 1.58 percent at 2,9302.66 points, while the broader Topix index fell 1.16 percent to 2019.12 points.

The lira fell to 13.1500 against the dollar before falling back to 13.05 by 0703 GMT. On Tuesday it touched an all-time low at 13.45.

Brent crude futures rose 13 cents, or 0.2 percent, to $82.44 a barrel, after jumping 3.3 percent on Tuesday.

West Texas Intermediate crude futures rose 20 cents, or 0.3 percent, to $78.70 a barrel. It had recorded an increase of 2.3 percent the previous day.

Spot gold rose 0.3% to $1,794.96 an ounce by 03:39 GMT, after losing 1.4% on Tuesday to its lowest since November 5, and US gold futures rose 0.6% to $1,793.90 an ounce.