Asian shares slip, dollar rally on hold as Fed cues eyed


SINGAPORE: Asian stocks slid on Tuesday as the prospect of the U.S. central bank having to stay on its hawkish path weighed on sentiment, with investors looking to the minutes of the latest Federal Reserve meeting for further monetary policy clues.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.7% to 529.97, hovering around six-week lows of 529.30 touched last week.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Budget boost for consumer staples counters
Edelteq to ride on higher contribution from associate
Nor Shahmir Nor Shahid is Turiya MD
Ancom Nylex posts higher 1Q earnings
Velesto faces softer rig market
CelcomDigi accepts RM381.75mil spectrum award
mm2 Asia, unit still owe US$171,000 in CPF arrears
Risk of supply disruptions
Vestland wins RM225mil Kelantan deal
Citaglobal proposes RM255mil capital reduction

Others Also Read