TEHRAN, April 03 -Asian shares slipped on Tuesday amid escalating trade tensions and worries over the fading outlook for global tech giants, but investors held their nerves to focus instead on prospects for stronger world growth.
TEHRAN, Young Journalists Club (YJC)-Asian shares slipped on Tuesday amid escalating trade tensions and worries over the fading outlook for global tech giants, but investors held their nerves to focus instead on prospects for stronger world growth.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.4 percent on Tuesday, compared with losses of more than 2 percent on each of the three Wall Street indices overnight.
The U.S. dollar steadied against the safe haven yen after declining for three straight days and gold, which is often seen as a store of value during times of financial or political uncertainty, inched lower.
U.S. Treasuries saw a bit of selling too with yields on 10-year notes off two-month lows.
Meanwhile, E-Mini futures for the S&P 500 climbed 0.4 percent and Dow futures were also up 0.2 percent.
“Markets are being supported by global growth, most indicators that have come out recently are pretty solid,” said Shane Oliver, Sydney-based chief investment strategist at AMP Capital.
“Asian investors have looked at the noise recently and said ‘well there is nothing really new in all this’,” Oliver added. “Cool heads are prevailing.”
Source:Reuters
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