Asia Pacific shares suffer sell-off amid prospect of US rate rise

Discussion in 'Market News' started by Lily, Sep 12, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Broad index of Asian shares see biggest drop since Brexit shock as European markets set to follow suit

    Shares fell across Asia Pacific on Monday with UK and European stock markets poised to follow suit after investors were rattled by the prospect of a rise in US interest rates as early as next week.

    Following the lead from a sharp sell-off on Wall Street, Japan’s Nikkei average was down 1.51% while the MSCI index for other shares across the region fell 2.2%. It was the largest daily drop since the frenzy caused by Britain’s vote in late June to leave the European Union.

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