World Shares Mostly Lower as US Rate Hike Relief Rally Fades

World Shares Mostly Lower as US Rate Hike Relief Rally Fades
A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on June 16, 2022. Ahn Young-joon/AP Photo
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TOKYO—Global shares were mostly lower Thursday after the Federal Reserve raised its key interest rate by three-quarters of a point and signaled more rate hikes were coming to fight inflation.

European benchmarks and U.S. futures slipped after Tokyo and some other markets tracked Wall Street’s gains of the day before.