The Federal Reserve weighs on Asian stocks, which - after starting the session in positive territory - turn red. Tokyo closed for holidays, Hong Kong reverses the trend (from +0,2% to -0,2%). The plus sign persists in Shanghai, +0,1%, supported by the favorable data of thenon-manufacturing PMI index.
“The Fed will have to act as soon as possible to re-establish a monetary policy framework guided by interest rate leverage and not by exceptional measures,” Dallas Fed chairman Richard Fisher said in Sidney, reviving tapering fears on the markets.
