Dollar shines, Asia shares slip after Fed signals December rate hike

Epic Research Update : Asian Markets

The US dollar shone while Asian shares slipped slightly on Thursday after the US Federal Reserve announced a plan to start shrinking its balance sheet and signalled one more rate hike later this year.

MSCI’s broadest dollar-denominated index of Asia-Pacific shares outside Japan was down 0.4 percent. South Korea’s Kospi was down 0.1 percent while Australia shed 0.6 percent.

Japan’s Nikkei gained 0.8 percent thanks to the yen’s fall against the dollar.

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Epic Research
Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300