MSCI's broadest index of Asia-Pacific shares
outside Japan was down in early trade, while Japan's Nikkei stock index edged
up about 0.1 percent. Australian shares were up about 0.3 percent, ahead of the
Reserve Bank of Australia's policy decision at 0430 GMT. The bank is expected
to keep rates on hold at a record low of 2.0 percent. "There's been just
as much improvement as deterioration in Australian and Chinese data since the
last monetary policy meeting in May so between the exchange rate and data, the
RBA has every reason to maintain a neutral bias," Kathy Lien, managing
director at BK Asset Management in New York, said in a note to clients.
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