Asia stocks subdued after Powell testimony fails to surprise

Asian shares made a tentative start to Thursday after Federal Reserve chair Jerome Powell stuck to his recent hawkish tone as investors assess the future rate policy path from the Fed. MSCI's broadest index of Asia-Pacific shares outside Japan was marginally lower at 522.93. Australia's S&P/ASX 200 index lost 1.17%, while Japan's Nikkei eased 0.25%.

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