Asian shares fall on Tuesday; focus on Sino-U.S. talks

Asian shares stumbled on Tuesday and the dollar hovered near two-week lows as prospects for a long-awaited Sino-U.S. trade deal were dealt another blow after the United States leveled sweeping criminal charges against China’s telecom giant Huawei.

Stocks

  • S&P 500Dow and Nasdaq were each off 0.2 percent.
  • Shanghai’s SSE (LON:SSE) Composite was up 0.1 percent.
  • Blue-chip index climbed 0.4 percent.
  • MSCI’s broadest index of Asia-Pacific shares outside Japan was still down 0.2 percent even after recouping some of its earlier losses.
  • Japan’s Nikkei, down about 1 percent.

Currencies

  • The dollar index, which measures the greenback against a basket of major currencies, was last at 95.733.
  • The safe haven Japanese yen, the dollar was down at 109.32.
  • The sterling was at $1.3152.

Commodities

    • U.S. crude was last up 35 cents at $52.34.
    • Brent gained 37 cents to $60.30.
    • U.S. gold futures hovered near seven-month highs at $1,302.2 per ounce.
    • Spot gold was last at 1,304.19

 

Source: Investing.com

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