Asian Equities Mixed as U.S. Dollar Flat

Asia share markets turned mixed while the dollar flatlined on Wednesday as tension mounted before the Federal Reserve delivers views on the U.S. economy that could shed light on when U.S. interest rates are likely to rise.  Endless wrangling over the Greek debt crisis also kept trading cautious with Japan’s Nikkei .N225 losing early gains to dip 0.4 percent.

MSCI’s index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.4 percent but that was from a three-month low.  Shares in Shanghai .SSEC lost another 0.8 percent ahead of a torrent of IPO’s that temporarily could tie up an astonishing 6 trillion yuan ($966.7 billion) of capital.

On Wall Street, the Dow .DJI ended Tuesday up 0.64 percent, while the S&P 500 .SPX added 0.57 percent and the Nasdaq .IXIC 0.51 percent.  In Athens, Prime Minister Alexis Tsipras accused Greece’s creditors on Tuesday of trying to “humiliate” Greeks with more cuts as he defied a growing drumbeat of warnings that Europe was preparing for his country to leave the euro.