Asian shares have uninspired start to the week
Equities in Asia are weaker following losses on Wall Street and as investors turn their attention to US politics ahead of first presidential debate
TOKYO — Asian shares began the week under a cloud on Monday after losses on Wall Street, and as investors’ attention turned from central banks to American politics ahead of the first US presidential debate.MSCI’s broadest index of Asia-Pacific shares outside Japan extended early losses and was down 0.7% by midday, while Japan’s Nikkei stock index fell a similar amount as the yen firmed.Wall Street logged weekly gains but ended with solid losses on Friday. Still, the S&P 500 managed to record its best weekly performance in more than two months after the US Federal Reserve held interest rates steady on Wednesday.With about six weeks to go before the November 8 US presidential election, Reuters/Ipsos polling shows about 20% of the electorate remains undecided, far higher at this stage in the campaign than the 12% undecided four years ago.Monday evening’s debate between Donald Trump and Hillary Clinton (1am GMT on Tuesday) is the first of three debates ahead of the election. It could se...
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