Asian market update

Asian shares edged up on Friday on expectations a deal will eventually be reached to avoid a U.S. fiscal crisis, but investors wary about taking big positions before the year-end were likely to take profits on the rises and buy on dips.
 
Asian shares and the euro rose on Monday as further signs of a stabilising Chinese economy boosted investor risk appetite, offsetting worries that stagnant U.S. budget talks could threaten to derail the world's largest economy.
 
Asian shares rose on Wednesday, led by surging Chinese equities, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump weighed on sentiment.''
 
Asian shares touched fresh 16-month highs on Friday following modest overnight gains in global equities as investors watched progress in U.S. budget talks with expectations for an eventual deal and awaited U.S. nonfarm payrolls data later in the day.
 
Asian shares clambered to a 16-month high on Monday as investors took heart from economic data from China and the United States that raised hopes about the outlook for growth in the world's top two economies.
 
Asian shares rose buoyed by strength in global equities markets, firmer economic sentiment in Germany and hopes of a deal from U.S. budget talks, while the dollar came under pressure ahead of the Federal Reserve's policy decision.
 
Asian shares extended gains for a seventh day on Thursday, after the U.S. Federal Reserve took new stimulus steps to bolster the economy.
 
MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.1 percent, after ending last week near 16-month highs which it had hit successively since Dec. 5
 
:clap:Asian shares steadied in quiet trade on Monday after a slump late last week, with markets cautious over whether the United States can avoid a fiscal crisis.''
 
Asian shares and other assets were capped in thin holiday trade, with investors focusing on the fate of U.S. negotiations to avert a budget crunch looming at the end of the year.
 
Asian stocks were set to start Thursday with mild gains while oil eased following the previous session's rally as investors look ahead to negotiations on the U.S. debt limit and spending cuts.
 
MSCI's broadest index of Asia-Pacific shares outside Japan was flat in early dealings, but not far from a 17-month peak set on Friday. The index has gained more than 2 percent so far this year on growing optimism about the health of the global economy.
 
Asian shares erased modest gains to edge lower on Wednesday as cautious investors waited for more clues about the global growth outlook, while a pause in the yen's declines spurred profit taking in Japanese equities after their recent rally.
 
Asian shares edged lower on Monday, taking a breather after hitting multimonth highs, while the yen touched a new low ahead of the outcome of the Bank of Japan policy meeting this week amid expectations for bold monetary easing measures.
 
The MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched up 0.2 percent to build on the previous day's 1 percent rally which snapped a four-day losing streak.
 
Asian shares edged higher on Monday, buoyed by U.S. data which maintained expectations for a mild recovery and continued loose Federal Reserve monetary policy to support it.
 
MSCI's broadest index of Asia-Pacific shares outside Japan was little changed, as they looked ahead to President Barack Obama's State of the Union address later on Tuesday for any signs of a deal to avert automatic spending cuts due to take effect on March 1.
 
The MSCI's broadest index of Asia-Pacific shares outside Japan was flat after briefly touching a 18-1/2-month high. The index has gained 3.5 percent this year.
 
Asian shares took their lead from overnight plunges in global equities to fall as an apparently inconclusive election outcome in Italy raised fears of a resurgent euro zone debt crisis.
 
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