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Asian shares steady; euro hampered by Italian political risk

“In equity markets, MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed, while Japan’s Nikkei gained 0.4 percent and South Korea’s KOSPI rose 0.4 percent” writes Midwest Communications Inc for The common currency edged up 0.l percent to $1.1814 in early Asian trade, after having set a five-month low of $1.1763 on Wednesday.The U.S. 10-year Treasury yield rose to as high as 3.104 percent in early Asian trade on Thursday, matching the near seven-year high set on Wednesday.The rises in U.S. bond yields have helped buoy the dollar, which has gained 1.6 percent against a basket of six major currencies so far in May.Italian stocks tumbled 2.3 percent while Italy’s10-year bond yield jumped nearly 19 basis points to 2.13 percent.

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