Wed, 05 Jun 2013 07:27:04 GMT
Asian shares decline as Japan erase gains after Abe testimony
Asian shares declined, impacted by Japanese equities after Shinzo Abe's testimony, where he talked about his economic growth model. Stocks also slid on expectations that the Fed may taper the stimulus package as the U.S. economy grows. Japan's Topix index slipped 1.4%, erasing a gain of 1.2%, while the MSCI Asia Pacific Index fell 0.9% to 133.44 at 1:59 p.m.