Asian shares are expected to consolidate gains on Tuesday as the Chinese currency and shares show signs of stability, oil prices rebound, and solid US consumption data suggest last week’s sell-off was overdone. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade.
Japan’s Nikkei slipped 1.0 percent after it climbed 7.2 percent on Monday, its biggest daily gain since 2008 which recovered a large portion of its 11 percent slump last week – also its biggest since 2008.
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Posted in: Indian Market Tips
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