Sluggish on Fed rate hike uncertainty - News Summed Up

Sluggish on Fed rate hike uncertainty


U.S. interest rate futures are pricing in only about a 10% chance of a rate hike by the Federal Reserve at its policy review next week. United Tractors Tbk PT was down 3.7%, while Hanjaya Mandala Sampoerna Tbk PT fell 1.3%. Malaysian shares dropped about 1% in their biggest intraday percentage fall since June 24 and hit their lowest since Aug 5. Financial stocks led the losers with Hong Leong Bank Bhd falling 1.68% and Public Bank Bhd losing 1.72%. Singapore shares fell marginally with Singapore Telecommunications Ltd shedding 1% and Hutchison Port Holdings Trust down 2.3%.


Source: The Edge Markets September 14, 2016 06:11 UTC



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