Asian shares wobble, Dollar firms after upbeat US Data

Asian shares wobbled on Tuesday after fading hopes for a reduced Deutsche Bank fine and rising expectations of a US interest rate hike pressured Wall Street. 

 

MSCI's broadest index of Asia-Pacific shares outside Japan was slightly higher in early trading, while Japan's Nikkei stock index gained 0.6 percent as the dollar rose against the yen. 

 

US shares slumped overnight, with shares of Deutsche Bank resuming their slide as hopes faded that Germany's largest lender would reach a swift deal with the U.S. Department of Justice over a fine of up to USD 14 billion for mis-selling mortgage-backed securities. 

 

Also in focus, the Institute for Supply Management (ISM) said its index of national factory activity rose to 51.5 from 49.4 the prior month, indicating that the sector is now expanding.

 

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