Asian shares ended mostly lower Tuesday as investors took a breather amid doubts over the pace at which the yuan could appreciate and a lack of excitement on Wall Street after China's decision.
Concerns over Europe also resurfaced after Fitch Ratings on Monday downgraded French banking giant BNP Paribas to AA- from AA.
"Investors have welcomed a move from the People's Bank of China to allow the yuan to appreciate against the U.S. dollar," said David Taylor, market analyst at CMC Markets in Sydney. However, "given that a lot of China's news was factored into our market
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