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| Asia shares lower on US rate hike talk | Asia shares lower on US rate hike talk |
| (34 minutes later) | |
| Asian shares headed lower on Wednesday as investors weighed up the growing risks of a US interest rate rise as early as next month. | |
| The latest hint came after Atlanta Federal Reserve president Dennis Lockhart told the Wall Street Journal that it would take significant deterioration in the economy for him not to support a rise in September. | The latest hint came after Atlanta Federal Reserve president Dennis Lockhart told the Wall Street Journal that it would take significant deterioration in the economy for him not to support a rise in September. |
| The dollar rose against the yen, hitting 124.34 from 123.77 on Tuesday. | The dollar rose against the yen, hitting 124.34 from 123.77 on Tuesday. |
| The Nikkei fell 0.2% to 20,489 points. | |
| Shares of car maker Toyota weighed on the Japanese index, falling 2.7% despite reporting that its net profit for the June quarter jumped 10%. | |
| The shift to higher rates in the US has been resulted in the withdrawal of funds from emerging markets, putting pressure on their currencies. | The shift to higher rates in the US has been resulted in the withdrawal of funds from emerging markets, putting pressure on their currencies. |
| South Korean shares were flat, with the Kospi index at 2,027 points. | |
| In China, the Shanghai Composite was down 0.1% to 3,750 points, while Hong Kong's Hang Seng index was up 0.3% to 24,478 points. | |
| In Australia, the S&P/ASX 200 index was 0.8% lower at 5,654 points despite commodity prices steadying. |