Asian shares fall on growth caution, Nikkei hit as yen gains
TOKYO (Reuters) – Asian shares fell on Wednesday as cautious investors waited for crucial economic data from China later this week, while the yen’s extended gains spurred profit taking in Japanese equities after their recent rally. Japan’s benchmark Nikkei average shed 2. 6 percent for its largest daily decline in eight months, sharply reversing Tuesday’s rally that lifted the index to a 32-month closing high, as the yen paused from its recent heavy selling and extended gains for two days in a row. The weak yen has been a catalyst for the Nikkei’s 24 percent gain over the past two months. . . .
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