SINGAPORE: Asian stocks backed away from 2-1/2-month highs on Wednesday and the dollar found support as investors' tempered some of their earlier enthusiasm about the prospect of an end to U.S. interest rate hikes.
MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.54%, retreating a bit having gained more than 3% since a week ago and hitting its highest since September on Tuesday. Japan's Nikkei rose 0.29%.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
