Asia shares slip before release of US inflation data
MSCI’s broadest index of Asia-Pacific shares outside Japan inches down while Japan’s Nikkei edges up
07 June 2021 - 07:38
Sydney — Asian shares drifted off on Monday as relief over the benign US jobs report was chilled by caution before key inflation data later this week, while a coronavirus outbreak in Taiwan took an increasing toll on hard-pressed chipmakers.
Investors were wary of how shares of major tech firms would react to the G7’s agreement on a minimum global corporate tax rate of at least 15%, though getting the approval of the whole G20 could be a tall order...
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