Asian Shares Subdued As Tech Blues Offset U.S. Tax Cut Hopes

Japan's Nikkei fell 0.4 percent, with semiconductor-related shares such as Tokyo Electron and Shin-etsu Chemical leading the losses.
Asian shares were subdued on Tuesday as investors' rotation out of technology shares took the toll on some of the region's tech heavy weights although hopes of a major tax cut in the United States underpinned risk sentiment.
On WallStreet, the benchmark S&P 500 finished lower on Monday after setting a record intraday high earlier as the technology sector, which has led Wall Street's record-setting rally this year, tumbled 1.9 percent.
The euro was steadier at USD 1.1866, sitting comfortably in its familiar trading range between USD 1.1810-1.1960, as the common currency was helped by hopes the two major German parties will form a grand coalition. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774