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.