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Asian shares slip, looming U.S.-China trade talks in focus


Added 02-10-19 10:03:01pm EST - “Asian shares started the week on the backfoot as investors were unable to shake ...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Asian shares slip, looming U.S.-China trade talks in focus”. Below is an excerpt from the article.

SYDNEY (Reuters) - Asian shares started the week on the backfoot as investors were unable to shake off worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe-haven dollar well bid near a six-week top against major currencies.

Chinese shares see-sawed on Monday after they resumed trading following a week-long Lunar New Year holiday. The blue-chip index .CSI300 was last up 0.4 percent, Australian stocks were down 0.6 percent while South Korea eased 0.2 percent.

That left MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS off 0.1 percent after it was toppled from a four-month top on Friday.

Investors are now looking ahead to trade talks this week with a delegation of U.S. officials travelling to China for the next round of negotiations.

“After we went home on Friday, Asian equities closed the week weaker... reflecting an increased level of apprehension on whether or not the U.S. and China can find an agreement to de-escalate their trade tensions ahead of the March 1st deadline,” said Rodrigo Catril, senior forex strategist at National Australia Bank.

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