SINGAPORE : Asian shares wobbled in cautious trade on Tuesday ahead of a series of data releases and central bank meetings, which began with a surprise rate hike in Australia that boosted the local dollar.
Elsewhere there were jitters at short tenors in the U.S. Treasury market as the government's borrowing ceiling looms, and MSCI's broadest index of Asia-Pacific shares outside Japan was flat. The policy stands in contrast to the U.S. and Europe where central banks are deep into a hiking cycle and still going, and the contrast with Australia sent the Aussie up nearly 1 per cent on the yen.
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