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Stock impact report

Asian shares weaken as trade optimism fades [Reuters (UK)]

Mitsubishi UFJ Financial Group, Inc. (MUFG) 
Company Research Source: Reuters
Asian shares weaken as trade optimism fades - Reuters 5 Min Read TOKYO (Reuters) - Asian shares fell on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods. Global growth concerns also weighed on investor confidence, with South Korea the latest trade-reliant economy to cut its economic growth and export targets, a day after weaker factory readings worldwide. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.3% lower, while Japan's Nikkei .N225 slipped 0.6% in early trade. U.S. stocks managed modest gains on Tuesday after holding near the unchanged mark for much of the session, with the S&P 500 .SPX gaining 0.29% to a record close of 2,972.98, underpinned by dividend-oriented utilities and real estate stocks.[.N] Still, a rally in global stocks following the U.S.-China summit at weekend is rapidly losing steam. While the threat of new U.S. tar Show less Read more
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