Asian Shares Mixed Amid Muted Investor Optimism
CANBERA (dpa-AFX) - Asian stocks ended narrowly mixed on Monday as investors awaited several central bank rate decisions in the region as well as key U.S. inflation readings for guidance on monetary policy.
Despite most Fed officials dismissing higher prices as transitory, investors remain concerned that a high inflation reading could revive talks of an early tapering in the Fed s bond-buying program.
Philadelphia Fed President Patrick Harker said Friday the Fed might have to discuss the matter sooner than later.
Chinese shares ended a choppy session higher as brokerage stocks received a boost from signs of ample liquidity and low interest rates. The benchmark Shanghai Composite index rose 10.73 points, or 0.31 percent, to 3,497.28 while Hong Kong s Hang Seng index dipped 0.16 percent to 28,412.26.
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