Spring in dollar’s step as global markets falter

An electronic board displays exchange rate information at a currency exchange bureau in the Sisli district of Istanbul, Turkey. File photo: BLOOMBERG/NICOLE TUNG

Heavy shelling at Ukraine’s giant Zaporizhzhia nuclear plant rattled nerves too. Russia had shut its main gas pipe to Europe for maintenance, while veteran investor Jeremy Grantham warned of an “epic finale” to the stock market “superbubble” inflated by years of cheap money. The euro and sterling also fell as much 0.4% against the greenback. It left the euro just above parity at $1.0035, while the risk-sensitive Australian and New Zealand dollars hit their lowest levels since July.

Japan's Nikkei skidded 1.5% and Hong Kong's Hang Seng index fell 1.8%, while Chinese blue-chips ended down 0.9% having been anchored earlier in the session by hopes for more economic stimulus from Beijing.

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