HONG KONG : Asian shares were on edge on Wednesday as worries about soaring power prices fuelling inflation weighed on sentiment and drove expectations the United States would taper its emergency bond buying programme, holding the dollar at a one-year high.
"This earnings season is also critical because in the previous one, earnings especially in the U.S., were very strong, partly because of the base effect. The third quarter may be a little more standard," he added. As a result, shares slipped on Wall Street overnight. The Dow Jones Industrial Average fell 0.34per cent, the S&P 500 lost 0.24per cent, and the Nasdaq Composite dropped 0.14per cent. [.N]
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