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Asian shares find support as Powell shrugs off inflation

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Reuters

By Hideyuki Sano TOKYO (Reuters) – Asian shares held firm on Thursday after Federal Reserve Chair Jerome Powell said the U.S. economy was “still a ways off” from levels the central bank wanted to see before tapering its monetary support. A raft of Chinese economic data due later in the day, will be a major focus in Asia as will earnings from major companies, including Taiwanese chipmaker TSMC. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade while Japan’s Nikkei dropped 0.4%. Wall Street shares were mixed, with S&P ending 0.12% higher and Nasdaq down…

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