Asian stocks slip away from two-year high
Investors more cautious about global recovery, while oil jumps due to hurricane disrupting output in the Gulf of Mexico
26 August 2020 - 08:16
Singapore/Washington — Asian stocks eased from a two-year high on Wednesday, as a mixed bag of economic data had investors slightly more circumspect about the global recovery, while oil jumped to a five-month peak owing to a hurricane disrupting output in the Gulf of Mexico.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.1% after hitting its highest since mid-2018 on Tuesday. Japan’s Nikkei was off 0.1%...
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