The Traderszone Network

Published in TZ Latest News 3 March, 2015 by The TZ Newswire Staff

Asian shares drift lower, India surprises with rate cut

Asian shares fell on Wednesday as investors grew cautious before upcoming central bank meetings and U.S. jobs data, while India’s central bank surprised with its second inter-meeting rate cut this year. MSCI’s broadest index of Asia-Pacific shares outside Japan was down about 0.3 percent, while Japan’s Nikkei stock average (.N225) ended down 0.6 percent as investors locked in gains from its recent rise to 15-year highs. Investors remained cautious ahead of U.S. nonfarm payrolls report for February, which could provide clues about the timing of the U.S. Federal Reserve’s interest rate hike.

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