Asian shares nudge up
Asian stocks nudged a little higher Tuesday but optimism about China was limited by uncertainty over Beijing's plans to rein in inflation and concerns over tax reform in the United States.
Hong Kong edged up 0.49 percent, or 113.58 points, to 23,431.19 and Shanghai rose 0.15 percent, or 4.12 points, to 2,927.08.
Sydney ended 0.21 percent, or 9.8 points, stronger at 4,766.9 and Tokyo rose 0.22 percent, or 22.88 points, to 10,316.77 as dealers gave a muted welcome to government plans to cut corporate tax.
Seoul finished 0.62 percent higher, adding 12.46 points to reach 2,009.05.
Japan's Nikkei was given some support after the centre-left ruling party said it would shave five percentage points off the 40.7 percent corporate tax.
The Dow ended 0.16 percent higher, paring earlier gains. The euro rose to 1.3455 dollars from 1.3386 and firmed to 112.17 yen from 111.71 yen.
In other markets:
Singapore closed 0.17 percent, or 5.41 points, lower at 3,176.91.
Manila rose 0.79 percent, or 32.65 points, to 4,148.03. Kuala Lumpur was virtually unmoved, ending up 0.79 points at 1,510.58.
Bangkok edged up 0.40 percent, or 4.09 points, to close at 1,037.41.
Mumbai rose 0.55 percent, or 107.41 points, to 19,799.19, tracking global markets as India's annual inflation rate eased by over a percentage point in November from the previous month to 7.48 percent.
The world's seventh largest steel maker, Tata Steel, rose 2.33 percent, or 14.7 rupees, to 645.5.
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