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Asian shares subdued amid lull in trade spat, oil eases into OPEC


Thursday, 21 June 2018 08:51 WIB

MSCI Asia PacificBursa Asia


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Asian shares were subdued on Thursday as a lull in the Sino-U.S. trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an OPEC meeting that may expand crude supply.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.05 percent firmer, while Japan's Nikkei edged up 0.12 percent in thin trade.

Futures for the S&P 500 added 0.14 percent as traders waited for new developments on global trade.

The mere absence of new threats from President Donald Trump on tariffs was enough to stem recent selling, with investors clinging to the hope that all the bluster was a ploy which would stop short of an outright trade war.

Source : Reuters


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