View full page at forexfactory.com

 

Asia stocks take fright on Fed anxiety, dollar shines

From reuters.com

Asian shares tumbled on Wednesday as markets wagered the Federal Reserve would raise interest rates earlier than expected, sending U.S. bond yields higher and keeping the dollar well bid near 14-month highs against a basket of major currencies. Some of the regional tech shares took a hit after Apple Inc stock (AAPL.O) fell as the initial excitement over its announcement of new products including a watch, larger iPhones and a mobile payment service, quickly evaporated. Japan's Nikkei dropped 0.4 percent .N225 while MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 1.1 percent. If ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News