Asian shares edge down, dollar skids on circumspect Fed

Asian shares stepped back from more than two-year highs on Tuesday while the dollar sagged on growing expectations that the Federal Reserve will take a more cautious approach to raising interest rates.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent, a day after scaling its loftiest levels since April 2015.

Japan’s Nikkei stock index dipped 0.4 percent in early deals, as markets resumed trading after a public holiday on Monday and caught up to a stronger yen.

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Posted in: Indian Market Tips