Asian markets down on Fed interest rate cut worry

Stocks down: An investor looks at computer screens showing stock information at a brokerage in Shanghai. Asian markets fell yesterday, led by Hong Kong

PETALING JAYA: Equity markets appear to be bracing for a disappointment and are expecting a smaller interest rate cut by the US Federal Reserve (Fed) come the end of this month.

Asian markets fell yesterday, following lowered expectations against the backdrop of developing tensions between the US and Iran with the continuing US-China trade war.