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Shares and dollar wilt before Fed test, Apple outperforms
Asian stock markets followed Wall Street into the red early on Wednesday, while the euro managed a rare rally on speculation the Federal Reserve could take a dovish turn in its post-meeting statement later in the session. Apple Inc (AAPL.O) provided some relief after the bell as record sales of its iPhone line helped it beat expectations, sending its stock up 5 percent. But earnings from other majors generally disappointed, with multinationals from DuPont <DD.N > to Microsoft Corp (MSFT.O) complaining that a strong U.S. dollar was hurting profits. That left a soggy air to early Asian trade and Australia's main index ... (full story)