Most Asia stocks slide on Fed officials' rate comments, dollar firms

August 29, 2016 4:57 AM

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Most Asia stocks slide on Fed officials' rate comments, dollar firms

SINGAPORE Most Asian share markets tumbled on Monday while the U.S. dollar added to gains made after Federal Reserve Chair Janet Yellen indicated a U.S. interest rate increase remains on the cards for this year.

European markets also looked set for a weak start, with financial spreadbetters expecting Germany's DAX to open down 0.7 percent, and the blue-chip Euro Stoxx 50to begin the day 0.6 percent lower. British markets are closed for a holiday.

Also read: U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent

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