Asian shares pare initial gains amid cautious optimism. Inflation data from the UK, Europe and Canada can entertain traders but Biden’s inauguration becomes the key. Asian equities pare early gains as traders turn cautious ahead of the key events during Wednesday. […] Though, signals for competition to China and the latest coronavirus (COVID-19) updates seem to have derailed the mood off-late. Against this backdrop, MSCI’s index of Asia-Pacific shares outside Japan gains over 0.6% to refresh the record top while Japan’s Nikkei 225 drops 0.55% by early Wednesday.
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