Most Asian stock markets slipped Thursday after a lackluster day on Wall Street as the Fed used its latest assessment of the U.S. economy to signal that more interest rate increases are on the way. But other benchmarks across Asia fell, with Hong Kong's Hang Seng losing 0.5 percent to 24,567.04 and the Shanghai Composite on mainland China shedding 0.5 percent to 3,120.04. The remarks by the Federal Open Market Committee contained no surprises and provided further support for another widely expected Fed interest rate rise, which could come in June. ENERGY: U.S. benchmark crude futures shed 16 cents to $47.66 a barrel in electronic trading on the New York Mercantile Exchange. CURRENCIES: The dollar rose to 112.77 yen from 112.64 yen in late trading Wednesday.

Source: ABC News May 03, 2017 14:33 UTC