Asian Shares Pull Back After Fed’s Signals For More Rate Hikes - Dollar Advisory & Financial Services

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Thursday 20 December 2018

Asian Shares Pull Back After Fed’s Signals For More Rate Hikes

Asian shares retreated on Thursday after the U.S. Federal Reserve raised rates, as expected, and kept most of its guidance for additional hikes next year, dashing investor hopes for a more dovish policy outlook. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.34 percent, with Australian shares dropping as much as 0.65 percent to two-year lows. Japan’s Nikkei shed 0.8 percent to nine-month lows. In New York, U.S. S&P 500 Index lost 1.54 percent to hit its lowest level since September 2017.
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