Asian share markets slipped today after a late selloff on Wall Street, as investors were concerned the US Federal Reserve might continue raising rates despite a turbulent backdrop for financial markets and much of the global economy. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.5 per cent in the wake of the Wall Street drop, while Australia's main index lost 0.6 percent. Japan's Nikkei fell 0.96 per cent, after a 2.7 per cent jump the day before. The blame for Wall Street's fall was laid at the door of the Federal Reserve. Rather, the Fed left all options open including a hike at the next meeting in March.
News On AIR | January 28, 2016 8:09 AM
Asian share markets slip after sell-off on Wall Street