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Asian shares hover below 3-week high as Fed rate hike looms

Updated : September 26, 2018 08:19 AM IST

MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat in early trade, in part as South Korea is closed for a holiday. It stayed below a three-week high hit on Friday. In Japan, the Nikkei edged down 0.4 percent.
Wall Street shares were mixed, as rises in energy shares on higher oil prices and gains in consumer discretionary shares following strong US consumer confidence were offset by falls in other sectors.
The benchmark 10-year US Treasury yield rose to as high as 3.113 percent, near its seven-year peak of 3.128 percent touched on May 18.
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