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China holds back Asian shares, dollar stands tall

Mount Equity Group Tokyo, Japan > News > Markets > China holds back Asian shares, dollar stands tall

A pedestrian looks at various stock prices outside a brokerage in Tokyo, Japan, February 26, 2016. Asian shares made guarded gains on Friday as a gathering of world finance leaders provided a welter of reassuring comments, but little in the way of actual policy stimulus. REUTERS/Yuya Shino

HONG KONG, Nov 5 (Reuters) – Chinese markets dragged on Asian shares on Friday as they failed to latch on to a global record-setting rally after a week in which central banks around the world refrained from any hawkish surprises in a boost to the dollar.

The U.S. currency made solid strides against sterling, which took a beating after the Bank of England confounded markets by passing up a chance to raise interest rates on Thursday.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.26% while Japan’s Nikkei (.N225) slid 0.5%, albeit from a month high reached the day before.

Hong Kong (.HSI) weighed on the regional…

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