Asia stocks edge up on US growth data cues; dollar steady

Asian stocks edged higher on Wednesday reflecting upbeat US growth news while oil steadied after a sharp drop overnight as OPEC struggled to agree on a glut-draining production cut.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent in early trades. It is poised to post a second consecutive monthly loss.

Early action in Asian stocks was just as guarded with Australia down 0.16 percent , the Nikkei flat and South Korea up 0.2 percent.

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Posted in: Indian Market Tips