Asia Markets: Asian markets lower as odds of Fed rate hike increase

Asian shares were broadly weaker early Friday, as the odds of an interest-rate rise in the U.S. increased again, while oil prices gave up recent gains.

Australia’s S&P/ASX 200 XJO, -0.29% was flat, while the Korea Kospi SEU, -0.49% fell by 0.3%, and Singapore’s Straits Times Index STI, -0.62% was also off 0.3%.

Japan’s Nikkei Stock Average NIK, +0.01% gained 0.2%, the key outperformer in the region, as a stronger U.S. dollar weighed on the yen. A cheaper yen helps Japan’s exports remain competitive while boosting profits at companies from their earnings overseas.

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