Global shares subdued ahead of Spain auction
1/12/2012 11:23:56 AM
TOKYO: Asian shares were subdued and the euro hovered near a 16-month low on Thursday as worries about euro zone sovereign funding kept investors risk-averse ahead of a Spanish debt sale that is seen as a key test of confidence.
MSCI's broadest index of Asia Pacific shares outside Japan retreated and was nearly unchanged after briefly touching a one-month high earlier. The index has risen about 3 percent this year. Japan's Nikkei average fell 0.7 percent.
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