Asian markets slide on higher US rates, oil prices

PSX Update • Sep 28, 2026

Asian markets came under pressure on Monday as rising US interest-rate expectations and higher oil prices weighed on investor sentiment, while markets braced for a week packed with key economic data.

September 28, 2026 (MLN): Asian markets came under pressure on Monday as rising US interest-rate expectations and higher oil prices weighed on investor sentiment, while markets braced for a week packed with key economic data. South Korea’s KOSPI fell 2.52%, while China’s Shanghai Composite and Shenzhen Composite declined 1.74% and 3.37%, respectively, according to CNBC market data. India’s Nifty 50 dropped 1.21%, wh...