Asian shares edge down from five-month high, dollar steadies

http://ift.tt/eA8V8J Asian shares prices edged away from five-month highs on Thursday, while the dollar steadied after slipping on Federal Reserve Chair Janet Yellen's indication that the U.S. central bank is in no hurry to hike interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan fell about 0.2 percent, as investors took profits after Yellen's testimony and a China factory survey's better-than-expected headline number lifted it to a five-month high on Wednesday. Japan's Nikkei stock average (.N225) outperformed, rising about 0.9 percent to a 15-year high, helped by news that the Federation of National Public Service Personnel Mutual Aid Associations, the body managing Japan's national civil service pensions, will raise its target allocation for domestic stocks to 25 percent from 8 percent.



from Yahoo! Finance: Top Stories http://ift.tt/1LGqUSA

via IFTTT