Stocks slip, dollar firm ahead of Jackson Hole conference

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Reuters UK

By Tom Westbrook SINGAPORE (Reuters) – Asian stock markets slipped for an eighth straight session on Wednesday, with investors nervous about the scale of problems in China’s property sector and bracing for a hawkish message from the Federal Reserve at this week’s Jackson Hole symposium. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5%, while Japan’s Nikkei fell by the same margin. The U.S. dollar lurked just below milestone highs on most major currencies and near a 20-year peak on the euro. Wall Street had steadied on Tuesday after two days of heavy losses, as soft U.S. dat…

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