Economic news

Asian shares touch 2-month trough amid broad selloff

Asian shares slumped broadly on Wednesday as such factors as sliding metals prices and monetary policy worries in China worsened investor risk mood.

MSCI’s broadest index of Asia-Pacific shares dipped 1.5 percent to a two-month trough.

Japan's Nikkei was 2 percent lower.

Australian shares slipped 0.4 percent. South Korea’s Kospi index dropped 1.2 percent.

Hong Kong’s Hang Seng Index was down 1.8 percent and the Shanghai Composite Index tumbled 1 percent.

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