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Asian shares, currencies fall on Fed tapering worries
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Asian shares, currencies fall on Fed tapering worries

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Asian shares, currencies fall on Fed tapering worries

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Asian shares fell to a four-week low on Monday as a surprise surge in U.S. jobs growth heightened worries the Federal Reserve will start reducing stimulus as soon as next month -- boosting the dollar against the euro, yen and emerging currencies. Emerging Asian currencies came under pressure, with the Indonesian rupiah down 1 percent to 11,551 per dollar, hitting a one-month low, and Thai baht off 0.9 percent to 31.66 to a seven-week trough. The strong data raised the prospect the Federal Reserve may soon decide to start winding down its $85 billion-a-month bond-buying program.




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