Wednesday, 27 January 2016

Asia subdued ahead of Fed, sentiment fragile after China rout

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Asian stocks were subdued on Wednesday as a wait-and-see mood prevailed ahead of the Federal Reserve's policy statement due later, and with sentiment fragile after a rout in Chinese shares the previous day.

 MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS stood effectively unchanged after shedding 1.2 percent on Tuesday. Australian shares were down 0.3 percent.

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