BREAKING: Asia Stocks Take a Breather, Bonds Bet on Federal Reserve action

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BREAKING: Asia Stocks Take a Breather, Bonds Bet on Federal Reserve action

SYDNEY (Reuters) - Asian shares eased from all-time highs on Thursday as widening COVID-19 restrictions in the United states weighed on Wall Street, while bonds were underpinned by speculation the Federal Reserve would have to respond with yet more easing.

Losses were minor with much of the region faring better in containing the coronavirus, though a jump in new cases in Tokyo did nudge the Nikkei off 0.4% and away from a 29-year closing top.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5%, though that was from a record peak.

Chinese blue chips were a fraction firmer.

E-Mini futures for the S&P 500 steadied, after Wall Street took a late dip on Wednesday.

The Dow ended down 1.16%, while the S&P 500 lost 1.16% and the Nasdaq 0.82%.

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