Asian shares slipped to one-month lows on Tuesday as the spectre of higher borrowing costs in the United States and slower global economic growth prompted investors to trim their exposure to riskier assets.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 percent. Shanghai stocks lost 0.6 percent and South Korea's Kospi dropped 1.1 percent.
Japan's Nikkei fell 0.6 percent from a 2 1/2-month high hit on Monday.
"After share prices have recovered quite a lot (last month), their rally is coming to a halt for now as markets are trying to price in a Fed rate hike in December," said Takeru Ogihara, chief strategist at Mizuho Trust Securities in Tokyo.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 percent. Shanghai stocks lost 0.6 percent and South Korea's Kospi dropped 1.1 percent.
Japan's Nikkei fell 0.6 percent from a 2 1/2-month high hit on Monday.
"After share prices have recovered quite a lot (last month), their rally is coming to a halt for now as markets are trying to price in a Fed rate hike in December," said Takeru Ogihara, chief strategist at Mizuho Trust Securities in Tokyo.
No comments:
Post a Comment