Asian shares struggled on Tuesday as caution reigned ahead of this week's U.S. Federal Reserve decision on interest rates, while the yen edged higher after the Bank of Japan refrained from any new policy steps.
MSCI's broadest index of Asia-Pacific shares outside Japan erased early gains and fell 0.5 percent, taking its cue from slumping Chinese shares. The Shanghai Composite Index was down 2.4 percent and the CSI300 index was 2.6 percent lower.
Japan's Nikkei stock index was up 0.2 percent in early afternoon trading, sharply paring its morning gains. It was up 1.3 percent in the morning session, ahead of the conclusion of Bank of Japan's two-day policy meeting at which the central bank held policy steady as many had expected.
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MSCI's broadest index of Asia-Pacific shares outside Japan erased early gains and fell 0.5 percent, taking its cue from slumping Chinese shares. The Shanghai Composite Index was down 2.4 percent and the CSI300 index was 2.6 percent lower.
Japan's Nikkei stock index was up 0.2 percent in early afternoon trading, sharply paring its morning gains. It was up 1.3 percent in the morning session, ahead of the conclusion of Bank of Japan's two-day policy meeting at which the central bank held policy steady as many had expected.
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