Asian shares firm, dollar and US bond yields slip after Fed

Asian shares eked out modest gains on Thursday while the dollar and US bond yields slipped after the US Federal Reserve signalled a cautious approach to future rate hikes and the reduction of its USD 4.5 trillion of bond holdings.

MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.3 percent, with South Korea leading with a 0.4 percent rise. .

Japan's Nikkei dipped 0.1 percent though MSCI Japan rose 0.4 percent in dollar terms .

In the currency market, the euro traded up 0.1 percent in Asia at USD 1.1225, having bounced back from Wednesday's low of USD 1.1168 and coming within sight of USD 1.1268, its 6 1/2-month high set on Tuesday.

Benchmark Brent crude oil rose 20 cents a barrel, or 0.4 percent, to USD 54.16. US light crude was up 20 cents, or 0.4 percent, at USD 51.56.

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