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Asian shares inch lower as dollar marches on

Mount Equity Group Tokyo, Japan > News > Markets > Asian shares inch lower as dollar marches on

An electronic stock quotation board is displayed inside a conference hall in Tokyo, Japan November 1, 2021. REUTERS/Issei Kato

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HONG KONG, Nov 25 (Reuters) – Asian shares wobbled lower on Thursday, hurt by the U.S. dollar which continued to march higher as investors bet on interest rates rising more quickly in the United States than in other major economies such as Japan and the euro zone.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.18% to a six-week low, having posted a small decline in each of the past six trading sessions. Japan’s Nikkei (.N225) rose 0.8%.

There were mild declines across the board. Australia (.AXJO) shed 0.1%, Hong Kong (.HSI) lost 0.35%, and Chinese blue chips (.CSI300) shed 0.3%.

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