Asian shares slip from 6-month high ahead of Fed policy decision
Asian shares slipped from six-month highs on Wednesday as investors took profits ahead of a policy decision by the U.S. Federal Reserve which is expected to shed more light on its interest rate plans for the rest of the year. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.4 percent, led by losses in Australia and South Korea. Japan’s Nikkei was little changed while mainland Chinese shares fell 0.5 percent. Wall Street shares were narrowly mixed on Tuesday, with the S&P 500 losing 0.01 percent and the Nasdaq adding 0.12 percent. Some market players said selling was triggered by a report of U.S. concerns that China is pushing back against American demands in trade talks. Still, on the whole, many market players held on to hopes of a trade deal between Washington and Beijing as officials from both sides remained locked in negotiations. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin plan to travel to China next week for another round of trade talks with Chinese Vice Premier Liu He, a Trump administration official said on Tuesday. “China is eager to come to an agreement so I’m not too worried. As long as they are holding meetings, many things will work out,” said Wang Shenshen, strategist at Tokai Tokyo Research Center. Read More @ https://www.reuters.com/article/us-global-markets/asian-shares-slip-from-6-month-high-ahead-of-fed-policy-decision-idUSKCN1R103L?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
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