SINGAPORE – Asian shares slipped on Thursday after a surprise interest rate hike by Bank of Canada revived worries that U.S. rates could stay higher for longer and the Federal Reserve could remain hawkish when it meets next week. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.53 percent, while Japan's Nikkei edged 0.08 percent higher. Australia's S&P/ASX 200 index eased 0.09 percent. The Bank of Canada (BoC) surprised markets on Wednesday by hiking its overnight rate to a 22-year high of 4.

https://business.inquirer.net/404405/asian-shares-slide-as-traders-fret-on-fed-rates

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