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Asian shares fall after U.S. blacklists China's Huawei

Added 05-16-19 12:03:02am EST - “Asian shares fell on Thursday after the United States hit Chinese telecoms giant...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Asian shares fall after U.S. blacklists China's Huawei”. Below is an excerpt from the article.

TOKYO (Reuters) - Asian shares fell on Thursday after the United States hit Chinese telecoms giant Huawei with severe sanctions, threatening

MSCI’s broadest index of Asia-Pacific shares outside Japan slid 0.2%, hovering not far off its lowest since late January.

Japan’s Nikkei dropped 0.6%, with banks hurt by weak earnings, while South Korean shares also lost 0.6% and Chinese blue chips were down 0.2%.

Asian shares had steadied in early trade on news that U.S. President Donald Trump was planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and weak U.S. and Chinese economic data.

Bucking the downtrend, Australian stocks held steady as weaker-than-expected local job data supported expectations for a central bank rate cute.

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