The global market has experienced a decline in value, with investors growing concerned about the implications of rising US interest rates.
Rising interest rates can lead to higher borrowing costs for consumers and businesses, potentially slowing economic growth. The FT reports that major market indices are down on concern that the Federal Reserve’s rate hikes will continue. As a result, investors are becoming increasingly cautious in their investment decisions.
Source: https://www.ft.com/content/02da1551-1862-450b-9548-d7d53b5f130a