DHAKA: Asian shares have followed Wall Street lower after the Federal Reserve warned of slowing US growth.

The region’s biggest index, Japan’s Nikkei 225, fell 0.3% to 17,128.15, reports the BBC.

Wall Street closed lower despite early gains after the Federal Reserve said it was ‘closely monitoring’ global economic conditions.

The comments by the US central bank are seen as an indication that it thinks the global economic slowdown may continue.

Following the turbulence on global stock markets in recent weeks, traders had hoped for a hint the Fed might hold off on plans to gradually raise interest rates this year.

However, the Fed left all options open, including a rate rise at its next meeting in March.

In China, the Shanghai Composite followed the regional trend and fell 0.8% to 2,713.9 points in early trade, while Hong Kong’s Hang Seng was flat at 19,052.5.

BDST: 1244 HRS, JAN 28, 2016
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