Asian stocks wobble as traders weigh Fed rate pause option


Source: firstpost.com firstpost.com

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Asian stock markets fell on Tuesday after economic statistics revealed that the United States’ services sector unexpectedly weakened, bolstering predictions that the Federal Reserve will forego raising interest rates when it meets next week. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.1 per cent at 514.37. Tokyo’s Nikkei (.N225) eased 0.22 per cent, while Australia’s S&P/ASX 200 index (.AXJO) lost 0.73 per cent ahead of the Reserve Bank of Australia’s (RBA) policy decision later in the day. China shares (.SSEC) declined 0.15 per cent, while Hong Kong’s Hang Seng Index (.HSI) was 0.07 per cent lower....