AsianShares wobble as China halts trade talks with US; oil rallies

AsianShares wobble as China halts trade talks with US; oil rallies

Monday, September 24, 2018

Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China canceled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ruled out boosting crude output.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent. Australian shares fell 0.25 percent and New Zealand’s benchmark index faltered 0.6 percent.

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