Stock Market News

Asia Shares struggle with trade fears, oil holds gains

Asian shares were subdued on Wednesday as weakness in Chinese stocks and the yuan weighed on sentiment, while oil held hefty gains as the United States pressured allies to stop buying Iranian crude.

MSCI’s broadest index of Asia-Pacific shares outside Japan was off 0.05 percent after touching a two-year trough on Tuesday. Markets have been pressured by sharp losses in China, where blue chips were near 13-month lows.

Japan’s Nikkei has been faring better and was all but flat in early trade.

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