Asian Shares Under Pressure, Trade At 6-Month Lows As Signs Of Tariff Effects Appear
Asian shares were under pressure on Friday on signs US trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade, stuck barely above its six-month low hit on Tuesday. Japan’s Nikkei lost 1.0 percent.
On Wall Street, the Dow Jones Industrial Average fell for an eighth straight session on Thursday and the S&P 500 lost 0.63 percent, with industrial and materials shares hit hard. Even the high-flying Nasdaq Composite shed 0.88 percent. The Philadelphia Federal Reserve’s gauge of U.S. Mid-Atlantic business activity published on Thursday fell to a 1-1/2 year low. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Asian shares were under pressure on Friday on signs US trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output. MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade, stuck barely above its six-month low hit on Tuesday. Japan’s Nikkei lost 1.0 percent.
On Wall Street, the Dow Jones Industrial Average fell for an eighth straight session on Thursday and the S&P 500 lost 0.63 percent, with industrial and materials shares hit hard. Even the high-flying Nasdaq Composite shed 0.88 percent. The Philadelphia Federal Reserve’s gauge of U.S. Mid-Atlantic business activity published on Thursday fell to a 1-1/2 year low. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
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