Asian markets in cautious mode

Business | 25 Jun 2019 11:45 am

Asian shares were hamstrung by trade worries today as expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, while propelling gold prices to six-year peaks.

Chinese investors seemed none too hopeful as Shanghai blue chips slipped by 1.8 percent. That led MSCI’s broadest index of Asia-Pacific shares outside Japan down by 0.4 percent.

Japan’s Nikkei share average edged down at mid day. The Nikkei ended the morning session down 0.21 percent at 21,241.28.

The Hang Seng Index was down by 1.38 percent, or 392.31 points at 28,120.69. 

In mainland China, the Shanghai Stock Exchange Composite Index lost 1.70 percent, or 51 points at 2,957.15.

At 11:59 am local time, Australian shares traded higher, rebound from an opening loss. The S&P/ASX 200 Index added 12.2 points, or 0.2 percent, at 6,677.6.-Reuters/The Standard 



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