Asian shares cautiously higher as investors await Fed policy update

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Reuters

By Stella Qiu and Alun John BEIJING (Reuters) – Asian share markets got off to a cautious start on Wednesday, after another volatile Wall Street session, as investors braced for the outcome of the Fed’s meeting late in the day and any hints about faster tightening of monetary policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.26% early on Wednesday, but the index has skidded 2.4% this year, and is testing mid-December’s one-year low. Concerns that the Fed’s expected interest rate hikes could hammer Asia’s equities markets have dragged on the regional benchmark, though …

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