Asian shares higher on US earnings but trade worries rattle offshore yuan

Asian shares higher on US earnings but trade worries rattle offshore yuan

Thursday, July 19, 2018



Asian shares made early gains on Thursday as upbeat Wall Street earnings supported global investor sentiment, although trade war jitters pushed China’s offshore yuan to a fresh one-year low.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.53 percent, while Japan’s Nikkei and the Australian benchmark advanced 0.42 percent and 0.38 percent, respectively.

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