China leads Asian shares lower after the State Council said yesterday that it will continue with...

|By:, SA News Editor

China leads Asian shares lower after the State Council said yesterday that it will continue with its effort to keep property market under controls, and after the central bank drained more funds than expected from inter-bank markets, although that did offset a record-high injection prior to the New Year holiday. More broadly, the hawkish FOMC minutes also hit sentiment across the region. Japan -1.4%, Hong Kong -1.8%, China -3%, India -1.2%.