Asian markets decline

Business | 30 Oct 2019 11:47 am

Asian share markets slipped today, as the prospect of a rate cut by the Federal Reserve
was countered by worries a Sino-U.S. first-stage trade deal could be delayed.
MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.33 percent from yesterday's three-month high while Japan's Nikkei lost 0.35 percent after hitting a one-year high the previous day.

In Seoul, South Korea, stocks traded lower late morning as investors took to the sidelines ahead of a U.S. rate decision.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 8.23 points, or 0.39 percent, to reach 2,084.46 as of 11:20 a.m local time.

MSCI's gauge of stocks across the globe slipped by 0.06 percent in Asia today from a 21-month high reached on Tuesday. -Reuters/The Standard

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