• Korea’s KOSPI off 1.2% after COVID-10 rebound
  • Australian shares down 0.7% as banks struggle, Nikkei loses 0.4%
  • UK share futures fall ahead of CPI data
  • Dollar strong versus yen, euro and sterling
  • Oil prices slip, gold up

HONG KONG, Nov 17 (Reuters) – The dollar strengthened through key resistance levels on Wednesday, propelled by better-than-expected U.S. retail data, although the upbeat news was not enough to lift Asian shares, which were dragged by worries about COVID-19 and higher costs.

MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) skidded 0.5% from Tuesday’s near three-week closing high, and was set for its biggest fall this month, snapping seven days of gains.

Japan’s Nikkei (.N225) lost 0.3% on fears the strong dollar would mean higher costs for imported material for manufacturers.

The dollar reached a high of 114.97 yen in early Asian hours, its strongest since March 2017, while the euro fell to $1.1263…

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