Asian Stocks Retreat Amid Renewed Fed Fears

Asian stocks finished mostly lower on Friday, tracking Wall Street's overnight losses amid fresh concerns over a hawkish interest rate decision by the Fed next week. The weakness came despite an unexpected jump in Chinese industrial output.

China's Shanghai Composite Index dropped 73.52 points or 2.3 percent to finish at 3,126.40. The day's trading ranged between 3,126.40 and 3,191.83. The Shenzhen Component Index also lost 2.3 percent to close at 11,261.50.

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by RTTNews Staff Writer

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