Asian shares extend global sell-off as rate hopes ebb

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Key Points

SYDNEY (Reuters) -Asian shares extended a global sell-off on Wednesday, while the dollar held gains, as market optimism about early and aggressive U.S. interest rate cuts ebbed ahead of the release of Fed minutes and jobs data...

South Korean shares slid 2.1%, and Hong Kongs Hang Seng index fell 1.1%, as technology shares dropped 2.2% following a tech-led slide on Wall Street...

Kyle Rodda, an analyst at Capital.com, said the combination of event risk and thin liquidity at the tail end of the holiday raises the prospect of exaggerated moves in markets and heightened volatility...

All thats required is a catalyst, which could come from the data flow in the coming days, Rodda said.. Later on Wednesday, U.S. Fed minutes for its December meeting and the ISM survey on U.S. manufacturing are due to be released..

Israel on Tuesday killed Hamas deputy leader Saleh al-Arouri in Lebanons capital Beirut, Lebanese and Palestinian security sources said, raising the potential risk of war in Gaza spreading well beyond the Palestinian enclave...

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