Asian shares stepped back from two-month highs on profit-taking on Tuesday and oil prices regrouped after Monday’s big fall, while the dollar was on the defensive as expectations of an imminent US rate hike receded.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.2 percent in early trade from their two-month high touched on Monday, though it was still up 8.6 percent so far this month. Japan’s Nikkei fell 0.6 percent.
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