Mon, 31 Aug 2015 09:23:05 GMT
Asian stocks lower on uncertainty over US rate hike timing
Equity markets in Asia closed lower on Monday on the back of worries over China, as well as on controversial comments over the timing of monetary policy tightening in the US. The Shanghai Composite Index dropped 0.82%, widening its monthly losses to 13.5%. Elsewhere, the Australian S&P ASX fell 1.07%, the Japanese Nikkei lost 1.28%, as the stronger Yen hurt