Stocks stop short of new peaks as Sino-US tensions weigh

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Global shares ticked up on Friday, but hesitated to test an all-time peak as investors worried a new U.S. law backing Hong Kong protests could ...

TOKYO: Global shares ticked up on Friday, but hesitated to test an all-time peak as investors worried a new U.S. law backing Hong Kong protests could derail Washington's and Beijing's efforts to end their trade war.

On the whole, investors are now betting that while the law spoils the mood it would not change the game, underpinning many risk assets. Against the yen, the dollar traded at 109.52 yen , near its six-month peak of 109.61 set on Wednesday.The British pound traded at US$1.2910 , staying in its US$1.28-1.30 range since mid-October.

 

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