Asian stocks head south on U.S. rate-hike jitters

|By:, SA News Editor

Asian shares follow Wall Street lower after Janet Yellen indicated that the Fed could raise interest rates "around six months" after it fully winds down QE. That could mean a hike in April next year, much earlier than expectations for late 2015.

Indonesia's IDX Composite led the losses with a fall of 2.5%. The country's markets were among those that suffered from the Fed's initial tapering announcements a few months back.

Japan -1.6%, Hong Kong -1.7%, China -1.4%, India -0.1%.