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Asian shares muted as tech blues offset U.S. tax cut optimism

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - Asian shares were subdued on Tuesday as investors' rotation out of technology shares took a toll on some of the region's tech heavyweights although hopes of a major tax cut in the United States underpinned risk sentiment.MSCI's broadest index of Asia-Pacific shares outside Japan were little changed, with a fall in semi-conductor shares offset by gains in telecom and financial shares. Japan's Nikkei fell 0.5 percent, led by declines in high-flying technology shares. "I would say the market is hitting a speed bump after a strong rally so far this year," said ...

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First Published: Tue, December 05 2017. 09:04 IST