China woes weigh on Asia, yen up as BoJ holds fire

HONG KONG: Shanghai led most Asian shares lower Tuesday as China’s economic woes keep investors on edge, while Japan’s Nikkei gave up early gains and the yen rallied after the country’s central bank held off fresh measures to shore up its torpid economy.

While the China-fuelled global volatility that has characterized much of the past month’s trading has eased off, the morning’s confidence waned as traders moved out of higher-yielding, or riskier, assets while they await a key US interest rate decision this week.