Asian shares edge lower, dollar wobbles ahead of Fed

Investors are cautious as the Federal Reserve concludes its policy meeting, with the expectation that it will hold off on raising rates due to a softer US inflation report.

This has led to Asian shares struggling for traction and the dollar remaining subdued. Futures for the pan-regional Euro Stoxx 50, S&P 500, and Nasdaq were all down or flat, with MSCI's broadest index of Asia-Pacific shares outside Japan also 0.2% lower.

However, Tokyo's Nikkei continued to outperform, jumping 1.6% to a fresh 33-year high. Chinese blue chips rose 0.2%, marking the fifth straight session of gains, on hopes for more economic stimulus, while Hong Kong's Hang Seng index was 0.4% lower amid concerns about whether the stimulus would be enough to revive a faltering economy.

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