Profit-taking in resource shares pulls Asian shares lower
But ‘superb’ Microsoft results help lift tech-heavy markets
27 January 2021 - 08:01
Tokyo/New York — Asian equities slipped on Wednesday as investors looked to the Federal Reserve’s guidance on its monetary policy while futures for US tech shares jumped after strong earnings from Microsoft.
MSCI’s gauge of Asian ex-Japan shares slipped 0.3%, dragged lower by profit-taking in resource shares as some investors have grown wary of stretched valuations...
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