Wednesday 16 September 2015

Asian shares rise in early trade Tuesday ahead of Fed rate decision

Asian shares followed Wall Street higher on Wednesday, albeit in thin volume, and short-term U.S. bond yields held near 4 1/2-year highs as investors braced for the possibility of the first interest rate hike in the United States in almost a decade.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.3 percent, while Japan's Nikkei gained 1.1 percent.

China shares rose 0.6 percent after sliding 6 percent early in the week on concerns about its slowing economy.

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