"If there is not enough liquidity available from the Fed for the end of the year for corporations and banks to balance books, that could cause a problem," Mr Smoling added.
In Australian markets, the mining sector was the top loser, slipping almost 1 per cent to record its worst session since Dec 23. The financial sub-index fell as much as 0.9 per cent to its lowest since Dec 13 and worst session in almost three weeks. All of its components, including the"big four" banks, dropped.
Woodside Petroleum and Santos tumbled 1.1 per cent each, to their lowest since Dec 13 and Dec 16, respectively.New Zealand's benchmark S&P/NZX 50 index slipped 0.1 per cent to 11,589.36.
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