Asian shares edgy amid inflation fears, dollar at one-year high – Reuters

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Asian shares edgy amid inflation fears, dollar at one-year high – Reuters

Dlr near 3 year high against yen; 1-year high vs basket of peersOil prices edge lower, but still near multi-year highsInvestors waiting for Chinese trade, U.S. CPI figuresMost Asian stock markets subdued, Hong Kong closed for typhoon

HONG KONG, Oct 13 (Reuters) – Asian shares were on edge on Wednesday as worries about soaring power prices fuelling inflation weighed on sentiment and drove expectations the United States would taper its emergency bond buying programme, holding the dollar at a one-year high.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.1% in early trading, steadying after falling over 1% a day earlier, in what was its worst daily performance in three weeks.

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