Epic Research Singapore : Asian Market Update

Asian markets slipped on Thursday after the head of the US Federal Reserve hinted that the central bank could hike interest rates earlier than expected.

Tokyo fell 0.62 per cent, Hong Kong lost 0.56 per cent, Sydney eased 0.68 per cent and Seoul shed 0.85 per cent, but Shanghai was 0.36 per cent higher.


The Fed said after a two-day policy meeting on Wednesday it would lop a further US$10 billion a month off its bond-buying scheme, saying the economy was picking up and a recent spate of soft data was caused by severe winter weather.

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