Epic Asian Markets Update

Asian stock markets were capped on earnings and US fiscal concerns. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 percent, with Australian shares up 0.2 percent and South Korean shares opening nearly flat.
The dollar was at 89.47 yen, near its peak since June 2010 of 89.67 yen hit on Monday, while the euro traded at 119.73 yen, near its highest since May 2011 of 120.13 hit on Monday. Against the Australian dollar, the yen hovered near 94.64, its lowest since August 2008 touched on Monday.

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