Economic news

Asian shares pull back amid rising trade concerns

Asian shares slumped on Thursday amid growing investor worries that rising trade tensions will hit the world economy. 

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares slipped 0.13 percent.

Japan's Nikkei reversed earlier losses and picked up 0.12 percent.

Shanghai dipped 0.3 percent, Hong Kong's Hang Seng was unchanged and Australia’s S&P/ASX 200 dropped 0.25 percent.

South Korea's Kospi index gained 0.4 percent.

The Asia-Pacific markets followed Wall Street, which slipped for the third session in a row overnight after White House signaled Trump would like to take a tougher line on trade with China, triggering fears of a trade war.


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