Asian shares fall on U.S. Fed tapering speculation

08/6/2013 | Bloomberg

Fears of U.S. Federal Reserve tapering arose again in Asia, sending shares downward in most markets except Japan after reports of a stronger-than-expected U.S. service sector. The Hang Seng fell 1.34% to 21,923.70, the Kospi lost 0.50% to 1,906.62 and the S&P/ASX eased 0.11% to 5,105.60. In Japan, a report that a pension fund was considering more investment in stocks boosted shares, with the Nikkei rising 1.00% to 14,401.06.

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