Asia shares sit at 2021 lows ahead of Fed verdict, China steadies

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Reuters

By Alun John HONG KONG (Reuters) – Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while currency markets were quiet with traders wary of placing large bets prior to the outcome of a Federal Reserve meeting. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.31% in morning trading. Markets in Hong Kong and mainland China stabilised after a sharp sell-off in the previous session, balancing declines elsewhere in Asia. Asian shares have fallen in each of the three previous sessions as regulatory crackd…

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