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Asian shares falter from 1-1/2-month highs, markets wary about China data(Update)


  • Markets
  • Monday, 14 Jan 2019

MSCI's broadest index of Asia-Pacific shares outside Japan stumbled 0.7 percent after climbing to the highest since early December on Friday, with Chinese and Hong Kong shares the biggest losers.  Liquidity was generally expected to be light during Asian hours as Japan was on public holiday.  Chinese shares opened in the red, with the blue-chip index <.CSI300> down 0.3 percent and Shanghai's SSE Composite off 0.2 percent. Hong Kong's Hang Seng index dropped 1.2 percent while Australian shares turned down after starting firm.

MSCI's broadest index of Asia-Pacific shares outside Japan stumbled 0.7 percent after climbing to the highest since early December on Friday, with Chinese and Hong Kong shares the biggest losers. Liquidity was generally expected to be light during Asian hours as Japan was on public holiday. Chinese shares opened in the red, with the blue-chip index <.CSI300> down 0.3 percent and Shanghai's SSE Composite off 0.2 percent. Hong Kong's Hang Seng index dropped 1.2 percent while Australian shares turned down after starting firm.

SYDNEY: Asian shares turned down on Monday as China trade data started trickling in and as investors looked to key corporate earnings later in the week to take the pulse of a cooling global economy.

Partial data on trade from China showed dollar-denominated exports growth was the highest since 2011. Markets are still awaiting numbers for December due shortly.

Markets , Corporate News

   

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