HONG KONG: Asia stocks were mostly down Thursday, with energy and commodity shares taking a beating as investors digested news that an imminent Federal Reserve interest rate hike could be on the cards.

The declines followed a weak lead from Wall Street after minutes from the Federal Reserve's April policy meeting suggested an interest rate hike in June was a much more serious possibility than the market believed.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details