Asian shares near one-year high, Dollar Slips after soft US Data

Asian shares held near one-year highs on Wednesday as investors pared expectations slightly for a Federal Reserve interest rate increase following weak US productivity data, which drove the dollar and Treasury yields lower. MSCI's broadest index of Asia-Pacific shares excluding Japan rose 0.1 percent, staying near a one-year high hit the previous day. 

 

Japan's Nikkei fell 0.6 percent on the yen's gains. Wall Street eked out gains on Tuesday following a strong session for European stock markets, with Germany's DAX index jumping 2.5 percent to its highest of 2016 due to strong earnings from reinsurer Munich Re and telecoms group Altice . 

 

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