Asian markets stuck following Powell’s rate hike warning

Shares in the Asia-Pacific traded lower on Monday as the Nikkei 225 in Japan slipped 2.66 percent, while Shanghai Composite gained 14 percent.

Singapore exchange lost 91 percent as the Monetary Authority of Singapore (MAS) said despite warnings and measures, surveys show that consumers are increasingly trading in cryptocurrencies globally.

The Topix index decreased 1.7 percent, South Korea’s Kospi fell 2.18 percent and the Kosdaq index dropped 2.54 percent.

Tiwan’s TWII has shrank to 2.31 percent while Malaysia’s KLCI index added 11 percent.