Asian shares took a breather on Wednesday, struggling for traction as some investors locked in profits from the markets' recent rally while a bit of yen strength capped the upside for Japanese stocks.
Japan's Nikkei 225 Stock Average inched up 0.1% as the yen gained 0.2% to Y95.90 against the US dollar after hitting its lowest level since August 2009, the Financial Times reports. Australia's S&P/ASX 200 index slipped 0.2% due to weakness in financial shares, while South Korea's Kospi Composite index added 0.1%. Hong Kong's Hang Seng index was down 0.4 per cent and the Shanghai Composite index was off 0.1%. Trading was range-bound due to a dearth of market-moving events. "Stabilisation on major developed-market bourses and declines in Chinese equities took some wind from the sail...
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