The Traderszone Network

Published in TZ Latest News 27 April, 2015 by The TZ Newswire Staff

Asian shares edge off seven-year highs as Fed awaited

Asian stocks pulled back from a seven-year peak scaled on Tuesday as sentiment gave way to caution ahead of the Federal Reserve’s policy two-day meeting scheduled to start later in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan was down about 0.5 percent after earlier touching its highest level since January 2008. Japan’s Nikkei stock index advanced 0.4 percent as on hopes of better shareholder returns after index heavyweight Fanuc Corp doubled its dividend payout ratio.

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