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Shares ease after Fed inaction and ahead of ECB
Aug 2nd 2012, 02:07

TOKYO (Reuters) - Asian shares eased on Thursday as investors turned increasingly cautious as hopes of stimulus action by central banks thinned ahead of a European Central Bank's meeting later in the day and after the U.S. Federal Reserve took no action a day earlier. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.2 percent while Japan's Nikkei stock average .N225 opened flat. .T "Expectations (of U.S. stimulus) weren't high but the market can't help but feel at least a little disappointed, although many investors are still willing to stay on the sidelines until the later ECB meeting...

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