Asian shares rise as earnings eyed

An investor looks at a computer screen showing stock information at a brokerage house in ShanghaiTOKYO (Reuters) – Asian shares rose on Wednesday after rounds of profit taking from a sharp rally at the start of the new year subsided, while investors waited warily for corporate earnings season to kick off in full force. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent, with Australian shares among the outperformers with a 0.4 percent gain to break a three-day losing streak. Hong Kong shares also climbed 0.4 percent. South Korean shares were virtually flat. …

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