Aug 2 (Reuters) - Asian shares declined in July, weighed
down by uncertainties over the U.S-China trade war and tempering
expectations of aggressive monetary easing by major central
banks this year.
The MSCI's broadest index of Asia-Pacific shares,
.MIAP00000PUS fell 1% last month, after a gain of over 5% in
June. The index has fallen another 1.8% so far this month.
Trade optimism faded in July due to the lack of progress in
trade talks between the United States and China. On Thursday,
U.S. President Donald Trump said he would impose impose a 10%
tariff on $300 billion of Chinese imports from Sept. 1, which
marked an end to a truce in the trade war struck in
June. The Federal Reserve cut interest rates at the end of July
but the head of the U.S. central bank said the move might not be
the start of a lengthy campaign to shore up the economy against
risks including global weakness.
In July, equities markets in India .NSEI plummeted 5.7%,
South Korea .KS11 shed about 5%, while Hong Kong .HSI and
Malaysia .KLSE both fell more than 2%.
Markets in Vietnam .VNI , New Zealand .NZ50 and
Australia .AORD however, gained about 3% or more.
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Monthly price change July 2019 https://tmsnrt.rs/2Kharwi
Asian equities performance in 2019 https://tmsnrt.rs/2KjSbCt
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