Asian shares higher as dollar retreats, risk events abound

SYDNEY, Dec 9 (Reuters) – Asian shares tracked Wall Street higher amid hopes that China’s economy would pick up pace as COVID-19 curbs ease, although caution ahead of a week full of risk events, including the Federal Reserve’s policy meeting, could cap sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.9% in early trade, edging closer to a three-month high hit earlier in the week. For the week, it was also set to rise 0.9%. Japan’s Nikkei (.N225) surged 1.1%. Hong Kong’s Hang Seng index (.HSI) advanced 1.2%, with mainland developers (.HSMPI) up a whopping 4%. Chinese…