Asian shares lose ground after rally
Markets are waiting for more news on the US-China trade talks that have raised hope of a deal to avert an all-out trade war
Tokyo — Asian shares took a breather on Thursday after an extended rally, as markets awaited more news on US-China trade talks that have raised hope of a deal to avert an all-out trade war between the economic giants. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.2%, reversing course after briefly touching a near four-week high early in the session. Australian shares eased 0.3%, while Japan’s Nikkei was down 1.4% by the midday break. Hong Kong’s Hang Seng was off nearly half a percent, while China’s blue-chip CSI 300 lost 0.1%. Wall Street’s S&P 500 rose 0.41% on Wednesday, extending its gains from 20-month lows touched around Christmas to more than 10%. Delegations from China and the US ended three days of trade talks in Beijing on Wednesday in the first face-to-face negotiations since both sides agreed a 90-day truce in a trade war that has disrupted the flow of hundreds of billions of dollars of goods. China’s commerce ministry said on Thursday that the talks ...
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