Asian shares lower after almost two-year high

Asian shares turned lower on Thursday after earlier briefly nudging up to almost two-year highs, while the dollar benefited from the waning expectation that the European Central Bank (ECB) was poised to end its easy policy.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3%, stepping back from morning trade when it nudged close its loftiest levels since June 2015.

Australian shares firmed 0.3%, helped by an overnight gain in oil prices. Strong energy shares had helped the US S&P 500 end higher overnight.

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