BUSINESS

Outflow fear hits asia shares

Business, Published on 21/11/2016

» Recap: Asian stock markets were roiled by concerns that President-elect Donald Trump's plan to spur the US economy by revving up domestic investment and cutting taxes will fuel inflation, lifting interest rates and causing capital to flow out of emerging markets and back to the US. Federal Reserve Chair Janet Yellen's suggestion of an imminent interest rate increase also dampened sentiment as the dollar approached a 15-year high.