First Mover Asia: Ether Tumbles Beneath $1.5K; Ethereum Merge Could Ding Demand for Chips, however Semiconductor Shares May Nonetheless Be a Good Purchase - CoinDesk

Fairness markets additionally had their issues with the tech-focused Nasdaq and the S&P 500, which has a robust know-how part, each declining greater than a proportion level, and the Dow Jones Industrial Common (DJIA) dropping about 0.5%. Traders stay skittish about inflation and the looming robustness of the U.S. central financial institution’s subsequent rate of interest hike at its Federal Open Reserve Committee assembly in lower than every week. Observers of financial coverage broadly anticipate a 3rd, consecutive 75 foundation level enhance, though the percentages of a 100 foundation level rise ticked increased on Wednesday.