Asia stocks consolidate after touching decade highs, Dollar steady

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Asian stocks edged down on Thursday, consolidating after touching their highest in a decade, while the Dollar held steady before the US inflation report for August is published.

Financial markets will also be on tenterhooks ahead of a run of data from China due at 0200 GMT, including factory output, fixed asset investment, and retail sales, that will show the strength of the world’s second-biggest economy.

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MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1 percent after rising to its highest since 2007 the day before.

Japan’s Nikkei was effectively flat following its climb to a one-month high on Wednesday.

 

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