Asian shares stumble as traders sweat on Fed rates

SINGAPORE: Asian shares slid on Thursday after a surprise interest rate hike by Bank of Canada brought back fears that U.S. rates could stay higher for longer and the Federal Reserve could remain hawkish when it meets next week.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.48%, while Japan's Nikkei fell 1%. Australia's S&P/ASX 200 index eased 0.29%.