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Asian shares ease, euro near six-week lows on Italian woes; gold jumps


Added 10-02-18 09:03:02pm EST - “Asian shares ticked lower on Wednesday and the euro held at six-week lows as Ita...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Asian shares ease, euro near six-week lows on Italian woes; gold jumps”. Below is an excerpt from the article.

SYDNEY (Reuters) - Asian shares ticked lower on Wednesday and the euro held at six-week lows as Italy’s mounting debt and Rome’s budget plan set it on a collision course with the European Union.

Japan's Nikkei .N225 eased 0.1 percent on a stronger yen while South Korea's KOSPI index .KS11 slipped 1.3 percent. Australian shares were a touch firmer while New Zealand's benchmark index .NZ50 fell 0.3 percent.

Investors remained jittery even as a new U.S.-Mexico-Canada trade agreement appeared to ease global trade tensions. A controversial clause in the trilateral pact put the focus back on the Sino-U.S. tariff dispute.

China’s financial markets are closed for the National Day holiday and will resume trade on Oct. 8. The markets in the world’s second biggest economy have taken a hammering this year as investors fretted the trade dispute could put a significant dent on growth.

That left MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS a shade weaker at 515.9 points.

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