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Asia stocks edge up after G7; summit, central bank meetings eyed(Update)


  • Markets
  • Monday, 11 Jun 2018

"The G7 meeting in Canada reiterated the growing rift between Washington and its allies over free trade," wrote Tai Hui, chief market strategist for Asia Pacific at J.P. Morgan Asset Management.  "Business confidence, and subsequently capital spending, is at risk if this tension continues through the summer," he said

"The G7 meeting in Canada reiterated the growing rift between Washington and its allies over free trade," wrote Tai Hui, chief market strategist for Asia Pacific at J.P. Morgan Asset Management. "Business confidence, and subsequently capital spending, is at risk if this tension continues through the summer," he said

TOKYO: Asia stocks shook off initial modest losses and edged up on Monday ahead of a U.S.-North Korea summit that might ease regional tensions, while investors also started to focus on key central bank meetings later this week.

Stocks dipped after U.S. President Donald Trump backed out of a joint Group of Seven communique over the weekend, in a blow to the group's efforts to show a united front.

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