Asian Shares, Dollar Tread Cautiously Ahead of Fed Meeting

 

Tokyo(Sharemasterindia.com): Asian shares were modestly higher while the dollar held steady on Tuesday, as investors awaited the outcome of the US Federal Reserve’s two-day meeting that begins later in the session for clues to the direction of US interest rates.
MSCI’s broadest index of Asia-Pacific shares outside Japan shrugged off early losses and a lacklustre performance on Wall Street to rise about 0.3 per cent.
But Japan’s Nikkei stock average extended losses, shedding 0.8 per cent on concerns over corporate earnings after disappointing results from Canon Inc, despite upbeat economic data released before the market open.
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