Shares fell across Asia Pacific on Monday with UK and European stock markets poised to follow suit after investors were rattled by the prospect of a rise in US interest rates as early as next week. Following the lead from a sharp sell-off on Wall Street, Japan’s Nikkei average was down 1.51% while the MSCI index for other shares across the region fell 2.2%. It was the largest daily drop since the frenzy caused by Britain’s vote in late June to leave the European Union. Any tightening of that easy money approach, such as a Fed rate hike, will weigh on stock valuations. The dollar index, which tracks it against a basket of six currencies, eased fractionally to 95.317.

Source: The Guardian September 12, 2016 04:18 UTC