Asian shares dipped on Thursday amid subdued trade after losses on Wall Street a...
TOKYO - Asian shares dipped on Thursday amid subdued trade after losses on Wall Street and some profit-taking ahead of a long Easter weekend.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.4 percent, reversing course after brushing its highest since late July 2018 early in the trading session. The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, data on Wednesday showed. “It’s going to be interesting to see if we see some stabilization there in line with what we’ve been seeing in the stabilization in the Chinese data flow,” said Chris Weston, head of research at foreign exchange brokerage Pepperstone in Melbourne.
In the currency market, the safe-haven yen was up 0.2 percent at 111.86 yen per dollar, but still not far off a near four-month low of 112.17 brushed overnight.
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