Caspian Energy Journal Caspian European Club
Tuesday, 08 January 2019 17:00

Asian shares run out of gas

Asian shares run out of gas

Asian shares dipped on Tuesday, running out of steam after a brief rally sparked by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further, Caspian Energy News ( reports with reference to Reuters.

MSCI’s broadest index of Asia-Pacific shares outside Japan reversed from early gains to slip 0.2 percent, dragged lower by falls in China and Taiwan, while Japan’s Nikkei rose 0.8 percent.

On Wall Street, the S&P 500 gained 0.7 percent on Monday following 3.4 percent surge on Friday, with and Netflix leading the rally.

Investors also continued to buy battered stocks in response to strong U.S. job data on Friday and comments by Fed Chairman Jerome Powell that he was aware of the risks and would be patient and flexible in policy decisions this year.

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Person in charge of the newsline: Olga Nagiyeva

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