SE Asia Stocks-Fall as Fed rate hike signals get louder
August 29, 2016 at 06:03 AM EDT
By Aparajita Saxena Aug 29 (Reuters) - Most Southeast Asian stock markets closed lower on Monday after comments from U.S. Federal Reserve Chair Janet Yellen hinting at an interest rate hike weighed on investor sentiment. At the Fed's annual gathering for global central bankers in Jackson Hole, Wyoming, Yellen said the case for a rate hike has strengthened in recent months as the labour market and economy improved. While she gave no hints on the timing of a hike, Fed Vice Chair Stanle