ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Indian and ASEAN tech stocks crater as U.S. rate hikes loom

Investors wake up to losses, likely dampening IPO boom

Shares of Grab, a Singapore-based superapp, have been falling after they plunged 21% in their Dec. 2 debut.

SINGAPORE/MUMBAI -- Anticipated rate hikes by the U.S. Federal Reserve this year have sent the stocks of Indian and Southeast Asian tech companies lower as investors start to reassess their portfolios.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more