HONG KONG Asian stocks edged higher on Wednesday reflecting upbeat U.S. growth news while oil steadied after a sharp drop overnight as OPEC struggled to agree on a glut-draining production cut.MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.1 percent in early trades. It is poised to post a second consecutive monthly loss.Early action in Asian stocks was just as guarded with Australia down 0.16 percent , the Nikkei .N225 flat and South Korea .KS11 up 0.2 percent.In currency markets, the dollar consolidated recent gains against a trade-weighted basket of its peers .DXY with investors looking to buy on dips after strong data.
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| Reuters appeared first on Firstpost.