Asian shares struggle

Asian shares struggle

On Monday, Asian stocks tumbled, as increased geopolitical risks helped traders to favor safe-haven bets, including government debt while the US dollar was backed by Fed policy tightening expectations.

The surge in risks of a conflict actually contrasts with market watchers' outlook for the world economy, which is probably the most optimistic it has been in years, and with Chinese data this week supposed to show the Chinese economy performing well.

Outside Japan MSCI's broadest index of Asia-Pacific stocks dipped for a third consecutive trading session, rebounding towards a three-week minimum tested on Friday.

A recent American Navy strike group will be heading toward the western Pacific Ocean close to the Korean peninsula as a show of force, as a US official informed Reuters on Saturday, as worries grow about North Korea's progressing weapons program.

Korean shares led regional losers with the key index dropping to its lowest values since mid-March as foreigners sold shares for a sixth consecutive trading session.

 

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