You are here: Home » Reuters » News
Business Standard

Global Markets: Asian shares slip on Fed hike, trade fears and soft China data

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - Asian shares eased on Thursday after the Federal Reserve raised interest rates and struck a more hawkish tone by forecasting a slightly faster tightening, while concerns about weak Chinese data and U.S.-China trade frictions kept investors on edge.Surprisingly weak Chinese retail sales and urban investment data curbed investors' risk appetite by adding to doubts over the world's second-largest economy as its central bank unexpectedly left interest rates on hold rather than follow the Fed higher.European shares are expected to fall, with spread-betters looking ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, June 14 2018. 11:42 IST
RECOMMENDED FOR YOU