Wall Street

Asian shares stumble on growth worries as central banks tighten

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Reuters

By Andrew Galbraith SHANGHAI (Reuters) – Asian share markets slipped on Thursday on persistent concerns over growth in China and worries about the Federal Reserve’s intent to tighten policy quickly, confirmed in minutes of the early May rate-setting meeting released overnight. While Wall Street closed higher after the minutes, which showed a majority of Fed policymakers backed half-percentage-point rate hikes in June and July along with a unanimous view the economy was strong, the mood was subdued in Asia. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.6%, taking losses …

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