Economic news

Asian shares slide following selloff in U.S. stocks

Asian stocks edged lower on Thursday following selloff in U.S. equities that came after minutes of the Federal Reserve’s last policy meeting.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares slumped 0.8 percent.

Japan's Nikkei dipped 1.1 percent. Australian shares inched up 0.1 percent.

The Hang Seng Index fell 1 percent, while the Shanghai Composite Index surged 1.9 percent.

On Wall Street, the Dow Jones lost 0.67 percent Wednesday, while the S&P 500 dropped 0.55 percent and the Nasdaq sank 0.22 percent.

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