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Asian shares step back from 2007 peak, oil at three-year high

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - Asian shares flinched from testing their 2007 record peak on Wednesday, as investors booked profits in high-tech shares while oil prices hit three-year highs due to production cuts and a fall in inventories.European shares are expected to dip slightly with Germany's Dax futures down 0.2 percent and France's Cac futures and Britain's FTSE futures down 0.1 percent. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.5 percent after six straight days of gains until Tuesday, that had taken it within a stone's throw from the record high touched in ...

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First Published: Wed, January 10 2018. 12:50 IST