With Fed's meeting, Asian shares lose their footing

Source: Reuters
© Scanpix/Reuters
As the Federal Reserve is gearing up for its policy meeting this week, Asian shares slid to their lowest in 10 weeks time. The MSCI index for shares outside of Japan lost 0.6% and slid to its lowest in three months. Japan's Nikkei broke its winning streak of five sessions and closed down 0.2%. The speculations on U.S. interest rate hike have distraught many global markets. The FOMC is set to begin its meeting late Tuesday.
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