Asia stocks find some footing, Nikkei still choppy

FILE PHOTO: Pedestrians walk past an electronic board showing the graphs of the recent fluctuations of Japan's Nikkei average outside a brokerage in Tokyo, Japan, February 9, 2016. A drop in bank shares kept European shares under pressure on Tuesday, after losses in Asian markets sent investors scurrying for safe havens. REUTERS/Yuya Shino/File PhotoSYDNEY: Asian share markets were mostly firmer on Wednesday after Wall Street bounced and concerns about a U.S.

"If the market stays at its current level, the GPIF could become a net buyer by end-September, and a view that unwinding of yen carry trades is almost over has also emerged." The dollar edged up 0.2 per cent to 144.67 yen and away from the 141.675 trough hit on Monday, though it remains far below its July peak of 161.96.MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.4 per cent, while Korean stocks added 0.8 per cent.

With safe-haven in less demand, Treasury yields ticked higher for a second session. U.S. 10-year yields were up at 3.908 per cent, and well off Monday's low of 3.667 per cent. Fears of an imminent U.S. recession had also faded a little as the run of economic data still pointed to solid economic growth in the current quarter.

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