Asian shares slip ahead of Fed decision

16 กันยายน 2557, 11:31 น.

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Asian shares slip ahead of Fed decision

The US central bank might adjust its timing for raising benchmark interest rates, as critics say its nearly six-year-old zero rate policy is feeding asset bubbles and possibly inflation.

The Fed has previously said it would keep interest rates low for a "considerable time" after ending its massive stimulus programme, based on continued weakness in the labour market.

A rate increase could hurt Asian markets by making them vulnerable to a selloff, as the incentive for investors to seek higher yields in regional markets is reduced.

Shanghai sank 1.82%, or 42.59 points, to 2,296.55 and Hong Kong, which opened only for the afternoon session due to a typhoon, fell 0.91%, or 220.98 points, to end at 24,136.01.

Singapore closed down 1.2%, or 39.85 points, to 3,272.62, Jakarta ended down 0.28%, or 14.40 points, at 5,130.50 and Taipei fell 0.91%, or 84.06 points, to 9,133.4.