NewsFeeder
07-19-2018, 02:17 AM
Asian shares struggle as trade worries offset gains from Wall Street earnings
Asian shares on Thursday struggled to hold earlier gains made after upbeat Wall Street earnings, as trade war jitters rattled China's stock and currency markets, with the yuan hitting fresh one-year lows. The dollar was off a three-week high as investors cashed in on gains the currency made after U.S. Federal Reserve Chairman Jerome Powell's two-day testimony reinforced a strong economic outlook but was underpinned by the relative U.S. economic strength. MSCI's broadest index of Asia-Pacific shares outside Japan last stood up less than 0.1 percent, giving up much of its earlier gains of 0.56 percent.
https://finance.yahoo.com/news/asian-shares-higher-u-earnings-015601533.html?.tsrc=rss
Asian shares on Thursday struggled to hold earlier gains made after upbeat Wall Street earnings, as trade war jitters rattled China's stock and currency markets, with the yuan hitting fresh one-year lows. The dollar was off a three-week high as investors cashed in on gains the currency made after U.S. Federal Reserve Chairman Jerome Powell's two-day testimony reinforced a strong economic outlook but was underpinned by the relative U.S. economic strength. MSCI's broadest index of Asia-Pacific shares outside Japan last stood up less than 0.1 percent, giving up much of its earlier gains of 0.56 percent.
https://finance.yahoo.com/news/asian-shares-higher-u-earnings-015601533.html?.tsrc=rss