{
  "id": 4593574,
  "title": "Asian shares slip as Fed rate-hike bets keep US yields elevated",
  "url": "https://urgent.news/2026/08/31/asian-shares-slip-as-fed-rate-hike-bets-keep-us-yields-elevated",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T01:47:10.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/asian-shares-slip-fed-rate-hike-bets-keep-us-yields-elevated"
  },
  "original_language": "en",
  "account": "Asian stock markets declined on Monday as the risk of a U.S. interest rate increase persisted. The U.S. Federal Reserve chair, Kevin Warsh, suggested during a speech that the central bank might raise rates in September. This heightened the probability of a rate hike to 57 per cent, which caused short-term Treasury yields to surge. The yen continued to weaken, briefly falling below 160 per U.S. dollar. Geopolitical tensions between the U.S. and Iran also contributed to the market instability, with oil prices rising following the U.S. military's strike on Iranian targets. The Nikkei in Japan slipped 0.4 per cent, while South Korean shares fell 0.1 per cent. Chinese blue chips experienced a 0.4 per cent decrease, impacted by recent regulatory changes. European markets also saw a slight decline, with the Eurostoxx 50 futures dropping 0.3 per cent and Dax futures easing 0.2 per cent. U.S. stock indices, including the S&P 500 and Nasdaq, experienced minor losses. Fed Chair Warsh's hawkish remarks suggest a more proactive approach towards inflation control, potentially leading to a sequence of rate hikes. The U.S. dollar weakened slightly against the yen. Inflation concerns and interest rate expectations will be major topics at the upcoming G20 finance ministers and central bankers meeting in North Carolina.",
  "summary": "Analysts argue a series of hikes is needed to shore up the yen, which again slid past 160 per US dollar on...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}