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HONG KONG Falls in Chinese property stocks pushed Asian shares down for a fourth day on Thursday, reversing initial gains, while the dollar was in the…
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Asian shares held on to recent gains in morning trading on Thursday, despite hawkish remarks from a senior official at the U.S. Federal Reserve, that boosted the dollar while weighing on risk appetite, and uncertainty about Chinese policy.
Alun John
5 minute read
An investor looks at an electronic board showing stock information at a brokerage house in Beijing, August 27, 2015. REUTERS/Jason Lee/File Photo
HONG KONG, Aug 5 (Reuters) - Asian shares mostly held onto this week s gains on Thursday, despite hawkish remarks from a senior official at the U.S. Federal Reserve that boosted the dollar while weighing on risk appetite.
Uncertainty about Chinese policy is also making investors hesistant.
Futures pointed to similar caution in European equity markets. The pan-region Euro Stoxx 50 futures edged up 0.08% and FTSE futures inched 0.02% higher.
MSCI s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.16%, with small declines in Hong Kong (.HSI), down 0.11%, and Korea (.KS200), down 0.16%, balanced by a 0.24% gain in Australian shares (.AXJO) which are heading towards a record close.