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Tech stocks and Canada dollar flash points as Fed meets

Reuters  |  LONDON 

By John GeddieLONDON (Reuters) - The prospect of the United States, the world's largest economy, raising interest rates and shrinking its mammoth balance sheet reverberated across markets from Toronto to Beijing on Tuesday.U.S. Federal Reserve policymakers gather in Washington for their two-day meeting against the backdrop of a slide in tech stocks that serves as a warning of how tighter financial conditions may hurt sectors where valuations appear stretched.That sell-off, which centred on Wall Street, abated in Asia and Europe on Tuesday, but there were other flash points in currency and ...

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First Published: Tue, June 13 2017. 14:54 IST
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