Economic news

Asian stocks edge up as traders wait for U.S. tax reform approval

Asian stocks ticked up slightly on Wednesday, despite Wall Street’s declines as the long-awaited U.S. tax reform is expected to be approved by the U.S. Congress.

MSCI's broadest index of Asia-Pacific shares was up 0.1 percent, and Japan's Nikkei stock index rose 0.1 percent in afternoon trading.

Hong Kong’s Hang Seng Index dropped 0.1 percent while the Shanghai Composite Index lost 0.3 percent.

Australian shares gained 0.1 percent.

The U.S. Senate approved the tax-cut bill on a 51-48 vote.

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