Asian shares stepped back from decade highs on Tuesday on worries about another sharp sell-off in Chinese stock markets, while the US dollar trod water ahead of a crucial vote for a tax reform in the world’s largest economy.
Investor confidence in China has been dented by rising bond yields as Beijing steps up its crackdown on shadow banking and other riskier forms of financing. Higher borrowing costs threaten to squeeze corporate profits.
Mainland stocks have jumped 24 percent in 2017 , with the gains concentrated in a handful of large index-weighted stocks.
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