Asia shares take a breather, hope for flexible Fed
Asian stocks will likely climb on Thursday after the S&P 500 and Nasdaq rallied to fresh records on upbeat corporate results, while the dollar eased a day before the U.S. Federal Reserve possibly sets a new course on inflation.
SYDNEY: Asian shares touched two-year peaks on Thursday in the wake of Wall Street's record run as cheap cash drove up big-cap tech darlings, although Sino-U.S. tensions caused caution to creep in as the session progressed.
MSCI's broadest index of Asia-Pacific shares outside Japan turned flat after earlier reaching its highest since August 2018.
Japan's Nikkei eased 0.4per cent from levels not seen since mid-February, and South Korea fell 0.8per cent as a jump in coronavirus cases ended four days of rises.
Even S&P 500 futures dipped 0.2per cent, although t...