Asian Shares Finished Lower After Bullish Fed

Asian shares headed mostly lower, following Wall Street’s lead, after the US Federal Reserve indicated it was still on track to raise interest rates this year.

The Dow Jones fell 1.1% to a six-week low, while the S&P 500 lost 1.4%.

In Japan, the benchmark Nikkei 225 closed down 1.1% at 17,606.22 – its biggest one-day drop for two weeks.

That came despite data showing retail sales rose for the sixth consecutive month in December.

However, the 0.2% year-on-year growth fell short of gains expected by economists.

Shares of Nintendo slumped 8.7% after the video game maker halved its operating profit target for the fiscal year through March to 20bn yen ($169m; £112m) from 40bn yen.

via BBC

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