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GLOBAL MARKETS-Asian shares down on Fed hike, Sino-US trade anxiety

reuters.com
GLOBAL MARKETS-Asian shares down on Fed hike, Sino-US trade anxiety

* Fed raised rates as expected, sees 2 more rate hikes this year * Concerns about U.S.-China trade war cast shadow * Dollar quickly loses steam after jump on Fed, focus on ECB By Hideyuki Sano TOKYO, June 14 (Reuters) - Asian shares edged down on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening for the rest of the year, while concerns about trade U.S.-China frictions kept investors on edge. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.25 percent in early trade. South Korea’s KOSPI was off 0.9 percent, while Australia’s market slipped 0.2 percent. Japan’s Nikkei shed 0.7 percent. The Fed