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Asia shares pare gains, dollar pressured after US jobs data
Asian shares pared gains and the dollar plumbed a fresh two-year low against the euro on Wednesday after disappointing U.S. jobs data vanquished any expectations that the Federal Reserve will taper its stimulus before next year. Japan's Nikkei share average .N225 dropped 1 percent as a stronger yen took a heavy toll, but earlier touched a 3-1/2 week high. Australian shares .AXJO were slightly higher after hitting five-year peaks, though they pared gains after stronger-than-expected inflation data reduced expectations for another interest rate cut. MSCI's broadest index of Asia-Pacific shares outside Japan ... (full story)
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