Asian shares eked out meager gains on Wednesday, as higher Wall Street futures p...
TOKYO - Asian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight U.S. selloff, though deeper worries about the global economy are likely to keep a lid on sentiment.
“Bonds are rallying and there is limited upside for stocks right now,” said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co in Tokyo. Investors will focus on how Chinese shares open after China late on Tuesday unveiled measures to boost consumption.
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