Economic news

Asian shares fluctuate on geopolitical concerns

Asian stocks edged lower as investors turned their attention to the safety of the yen and gold on Monday continuing to assess the impact of American tariffs and Sunday’s Italian election.

Photo: Reuters

The MSCI Asia Pacific Index dropped 0.9 percent.

Japan’s Nikkei and South Korea’s KOSPI both lost near 1 percent.

Hong Kong’s Hang Seng index tumbled 1.4 percent.

Australian shares sank 0.6 percent.

Investors will focused on a flurry of fresh data this week, culminating in the U.S. non-farm payrolls on Friday.

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