Asian shares are becalmed
Euro remained muted too after the weekend’s European Parliament elections
Tokyo— Asia stocks hovered near four-month lows on Monday amid concerns about US-China tensions while the euro was confined to a narrow range after the weekend’s European Parliament elections. MSCI’s broadest index of Asia-Pacific shares outside Japan was virtually flat, a sliver above from a four-month low touched on Friday, with market holidays in the US and UK denting trading volumes. Casting a shadow over many share markets were worries the China-US trade conflict was turning into a technology cold war between the world’s two largest economies. Japan’s Nikkei average was up 0.3% by its midday break. Chinese shares began Monday higher but then slipped, with the benchmark Shanghai Composite down 0.3% and the blue-chip CSI 300 falling 0.6%. Hong Kong’s Hang Seng dropped 0.5%. Wall Street’s major indexes edged higher on Friday in a rebound from the previous session’s losses after comments from US President Donald Trump on trade relations with China provided markets a bit of a respit...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.