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Asian shares down on Fed hike, Sino-U.S. trade anxiety

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about U.S.-China trade frictions kept investors on edge.MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.25 percent in early trade. South Korea's KOSPI was off 0.9 percent, while Australia's market slipped 0.2 percent. Japan's Nikkei shed 0.7 percent.The Fed raised its benchmark overnight lending rate a quarter of a percentage point to ...

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First Published: Thu, June 14 2018. 06:00 IST
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