05-11-2015 09:03 via news.yahoo.com

Asian stocks falter as Fed makes case for possible December rate rise

By Saikat Chatterjee HONG KONG (Reuters) - Asian stocks broke a two-day rising streak on Thursday after top U.S. Federal Reserve officials kept the door open to a December interest rate hike, sending short-term U.S. bond yields to 4-1/2-year highs and giving a boost to a resurgent dollar. A U.S. interest rate hike, ordinarily a sign of a healthy global economy, would now come at the worst possible time for export-oriented Asian countries which are grappling with the twin effects of a slowing Chi
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