You are here

Yellen's comments on next US rate hike weigh on Asia bourses

But any move towards a rise not expected to cause as much uncertainty as last year's increase

Japan's Topix index jumped 2 per cent at close as electrical appliance and carmakers gained. The yen extended declines after sinking 1.3 per cent on Friday.

Kuala Lumpur

ASIAN stocks outside Japan fell after Federal Reserve chair Janet Yellen said the case for raising interest rates is getting stronger. Shares in Tokyo rallied as the yen weakened and the Bank of Japan's (BOJ) governor vowed to add stimulus if needed.

The MSCI Asia...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to