HONG KONG - Asian shares were mixed on Friday morning as slight gains in China were balanced by declines elsewhere and investors globally turned cautious ahead of a long-awaited speech by Fed Chair Jerome Powell.
"There are three things that are conspiring at the moment to sap sentiment," said Kyle Rodda, an analyst at IG markets. Traders will analyze Powell's words for any hints about when the Fed will begin tapering its asset purchasing program. This, along with public remarks by the U.S. Federal Reserve's hawkish wing urging the central bank to begin paring bond purchases contributed to Wall Street closing slightly lower, ending a streak of all-time closing highs.
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