Sydney — Asian shares staggered up from five-week lows on Tuesday but remained fragile after US President Donald Trump’s latest threat to raise tariffs on Chinese goods shocked financial markets and fuelled worries that trade talks may be derailed. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5%, erasing earlier losses. It tumbled 2% on Monday after Trump unexpectedly jacked up pressure on Beijing in the midst of trade negotiations. Chinese shares rose after their worst drop in more than three years on Monday. The benchmark Shanghai Composite advanced 0.6%, while the blue-chip CSI 300 climbed 1.0%. Hong Kong's Hang Seng was up 0.7%. Japan's Nikkei shed 0.8%, taking a delayed hit as the country’s financial markets opened after a 10-day break to mark the ascension of a new emperor. US stock futures for the S&P 500 declined as much as 0.8% in Asian trading hours on Tuesday as top US trade officials said China had backtracked on commitments in trade talks. Tr...
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