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Business - Asian stocks near 11-week lows, dollar bounces on Fed rate view


By Saikat Chatterjee HONG KONG (Reuters) - Asian shares stumbled to near 2-1/2-month lows on Tuesday and the U.S. dollar pared some of its recent losses as investors worried about the likelihood of a U.S. interest rate increase in coming weeks. MSCI`s broadest index of Asia-Pacific shares outside Japan slid 0.5 percent, taking its losses to more than 7 percent so far this month and nearing its lowest levels since March 9. `The market seems to be taking a cautious stance ahead of the Fed Chair Janet Yellen`s speech later this week,` said Jung Sung-yoon, a foreign exchange analyst at Hyundai Futures.


Tuesday, May 24, 2016  06:44

Yahoo

Business - Asian stocks near 10-week lows; dollar bounces on Fed rate view


By Saikat Chatterjee HONG KONG (Reuters) - Asian shares fell to near 10-week lows on Tuesday and the U.S. dollar pared some of its recent losses as investors worried about the likelihood of a U.S. interest rate increase in coming weeks. MSCI`s broadest index of Asia-Pacific shares outside Japan slid 0.4 percent, taking its losses to nearly 5 percent so far this month and nearing its lowest levels since March 9. `The market seems to be taking a cautious stance ahead of the Fed Chair Janet Yellen`s speech later this week,` said Jung Sung-yoon, a foreign exchange analyst at Hyundai Futures.


Tuesday, May 24, 2016  04:24


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