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.
- S&P 500, Dow 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.
- 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.
- 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