World shares shuffled away from all-time highs on Tuesday as surging Chinese stocks took a breather and investors began to retreat to the sidelines ahead of the Federal Reserve's policy meeting. The figures were seen as loaded with significance coming just nine days before an election and its aftermath, when Britain's future cohesion and its membership of the European Union could be potentially at stake. "I think the real risk is so much uncertainty," said Societe Generale strategist Kit Juckes. Overnight in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan had followed Wall Street lower as it dropped 0.5 percent, but only after touching its highest level since January 2008.
Japanese Economy Minister Akira Amari played down the prospect of substantial progress in trade talks being announced after a summit meeting between Japan and the United States on Tuesday. The trade negotiations between the two are seen as crucial for the wider TPP as their economies account for 80 percent of the group involved in the talks.
Apple's iPhone sales in China soared, increasing its revenue in the country 71 percent to $16.8 billion, although that was helped by gift-buying for Chinese New Year. Chief Executive Tim Cook said that China's expanding middle class is fueling iPhone sales there, which is the bulk of the company's sales.