Economic news

Asian shares subdued, U.S.-China trade row is seen to linger

Asian stocks were mixed on Monday as risk sentiment was capped due to persisted uncertainty over trade tensions between the U.S. and China.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares outside Japan touched either side of flat through a weak session.

Japan’s Nikkei gained 0.3 percent as the yen rebounded from its lowest levels of November against the dollar.

South Korea’s Kospi was steady, while Australia’s ASX 200 dropped 0.7 percent.

U.S. stocks had advanced on Friday on comments from U.S. President Donald Trump about further tariffs on Chinese products, that may be not imposed, if Beijing take measures to resolve trade tensions.

Oil have got some support from anticipations OPEC would lower production. International benchmark Brent added 54 cents to $67.30 per barrel, while U.S. WTI futures rose 70 cents to $57.16.

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