Asian shares edge up as investors await RBA

Asian shares edged up on Tuesday but were mostly in a holding pattern after Monday’s US holiday, as investors awaited a policy decision from the Reserve Bank of Australia.

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.1 percent, while Australian shares slipped 0.3 percent ahead of the RBA’s announcement.

Japan’s Nikkei stock index was up 0.1 percent, with the dollar steady on the day against its Japanese counterpart at 103.47 yen.

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