China’s Stock Market Plunges Again

More than $2.3 billion in foreign capital withdrawn from China's A-shares in single day as Fed turned more hawkish

A man and a child wearing face masks pass by the Beijing Stock Exchange in Beijing, China on Nov. 15, 2021. Ng Han Guan/AP Photo

U.S. stock and bond markets fell in response to the announcement from the Federal Reserve on Jan. 26 that it will soon raise its benchmark interest rate and end its asset tapering program in early March.

The NYSE Composite fell 297.67 points in an hour from 2:30 p.m. and recovered slightly at the end of the day, but by only 26 points to 16,237.76.