TOKYO: Asian shares paused on Tuesday as investors grew cautious ahead of monetary policy meetings by the European Central Bank and the U.S. Federal Reserve, with scepticism countering expectations for more stimulus steps to support fragile global economies.
The impact of the three-year euro debt crisis on Asia was evident on Tuesday with Japan's Manufacturing Purchasing Managers Index (PMI) falling at its fastest pace since last year's earthquake and tsunami, as demand for Japanese goods slows in Europe and China.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!