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Asian shares rise on dovish Fed prospects but China caps gains

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Reuters

By Alun John HONG KONG (Reuters) – Asian shares perked up and the dollar fell to two-week lows on Monday after U.S. Federal Reserve Chairman Jerome Powell struck a dovish tone at the central bank’s long-awaited symposium, although investors remained cautious about prospects in China. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.45%, and Japan’s Nikkei rose 0.28%. Chinese blue chips bucked the broader Asian trend, falling 0.20% and the Hong Kong benchmark fluctuated either side of flat. The larger gains were in smaller markets with Taiwan up 0.54% and Singapore 0.77% high…

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