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Asian shares down on Fed hike, Sino-U.S. trade anxiety

“The dollar stood at 110.13 yen , losing steam after hitting a three-week high of 110.85 in the wake of the Fed’s decision” writes Midwest Communications Inc for 95kqds.com. MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> lost 0.25 percent in early trade.”The fact that markets quickly reversed their course suggests the Fed’s decision was broadly in line with expectations,” he said.The specter of higher borrowing costs hit stocks while boosting U.S. bond yields and the dollar.
 
Source: 95kqds.com



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