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Asian stocks step back as investors brace for Fed

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - Asian shares slipped back on Wednesday as investors looked to the Federal Reserve policy decision later in the day and any clues it might give on future rate hikes, shifting focus away from the historic U.S.-North Korea summit in Singapore.MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.5 percent, erasing the slim gains they made following Tuesday's meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un. Trade frictions between the United States and China are also back on radar ahead of Friday, by when Washington ...

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First Published: Wed, June 13 2018. 08:40 IST