Business Maverick: Global shares steady, investors pin hopes on U.S.-China talks

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Business Maverick: Global shares steady, investors pin hopes on U.S.-China talks By Reutersreuters

Japan’s Nikkei rose 0.6% while MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.11%.

“Whether it was a fake news or not, it is becoming harder to know exactly what the U.S. administration will be doing,” said Takashi Hiroki, chief strategist at Monex Securities. “While we ought not to have preconception, for Trump, not having made a deal with China could be increasingly seen as negative ahead of the election next year,” said Tomoo Kinoshita, chief global strategist at Invesco Asset Management in Tokyo.

The Australian dollar fetched $0.6755, near three-week low of $0.6739 touched last month ahead of a likely rate cut by the Reserve Bank of Australia later in the day.

 

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