Asian stocks, dollar retreat ahead of Fed meeting

[Wireless News]

http://l.yimg.com/bt/api/res/1.2/EBx6YOwaUTOvPytdVKwcPw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/Part-HKG-Hkg10160436-1-1-0.jpg (http://news.yahoo.com/asian-stocks-dollar-retreat-ahead-fed-meeting-041247328.html)Asian markets slipped Wednesday after more weak US data raised questions about the health of the world's top economy, while the dollar edged down as an early interest rate rise looks increasingly unlikely. Sydney plunged 1.85 percent, or 109.9 points, to 5,838.6, with big banks leading the decline as hopes of another interest rate cut waned. Hong Kong was down 0.15 percent in late trade but Shanghai recovered from early losses to end flat, edging up 0.41 points to 4,476.62. Tokyo was closed for a public holiday.



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