Mood on global markets is tentative, on White House fears and ahead of Jackson Hole meeting
Tokyo — Asian shares were fragile on Monday as investors remained unconvinced about US President Donald Trump’s ability to fulfil his economic agenda, even as the departure of his controversial policy strategist raised hope for some progress. Japan’s Nikkei shed 0.4% to hit a three-and-a-half-month low, shrugging off a Reuters poll that showed confidence at Japanese manufacturers rose to its highest level in a decade in August. MSCI’s broadest index of Asia-Pacific shares outside Japan was barely in the black thanks to modest gains in China, but in most other markets, including Australia, South Korea and Taiwan were in the red. S&P Mini futures were down 0.1% at 2,423, not far from their one-month low of 2,419.5 touched on Friday. Wall Street shares got only a short-lived boost on Friday after Trump fired White House chief strategist Steve Bannon. "Markets seem to think that the administration will remain fragile and its ability to carry out its policies will be hampered even after ...
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