Japan’s Nikkei hits one-month low on Fed’s higher-for-longer rate woes

Japan's Nikkei share average hit a one-month low on Thursday, as worries that the Federal Reserve's interest rates would stay at elevated levels crimp risk appetite. The Nikkei was down 1.73% at 31,813.01, its lowest level since Aug. 28, by the midday break. "The Nikkei is on track for its third monthly fall in a row as the Fed's hawkish hold last week took the wind from its sails," said Tony Sycamore, market analyst at IG.