Asian equities inhibited by priced-in optimism despite no-tapering US signals
Some analysts say stock valuations already high with Fed expected to stay stimulus course
28 April 2021 - 07:03
Tokyo — Asian shares were mixed on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely watched US Federal Reserve meeting.
MSCI’s broadest index of Asia-Pacific shares outside Japan declined 0.23%. Australian stocks rose 0.55%, but shares in China slipped 0.44%. Stocks in Tokyo edged 0.16% higher...
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