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Overnight Markets: Wall Street falls as Yellen outlines stimulus exit
by Himanshu Singh on Mar 20, 2014 at 02:39
In Asia, shares declined on Thursday in morning trade after the Fed hinted that it may raise US interest rates from the middle of next year.
The MSCI Asia Pacific Index declined 0.8% to 134 as of 9:45 a.m. in Tokyo. South Korea’s Kospi index fell 0.5%. Australia’s S&P/ASX 200 Index decreased 0.8% and New Zealand’s NZX 50 Index slipped 0.2%. Japan’s Topix index dropped 0.4%, reversing gains of as much as 0.6%.Hong Kong’s Hang Seng index was down 0.62%, while China’s Shanghai Composite Index gained 0.24%.
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.
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On the road
on Jul 31, 2014 at 10:36