Asian shares set for first weekly loss in five, China stimulus eyed

Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes are on the details of the much-anticipated fiscal stimulus from Beijing this weekend. Overnight, data showed core U.S. consumer inflation came in at 0.3% in September, slightly hotter than expected, which pointed to stalling progress in the Federal Reserve’s fight against inflation. MSCI’s broadest index of Asia-Pacific shares outside Japan rose a subdued 0.3% but still set for a weekly loss of 1.7% after four straight weeks of gains.Read More