Asian Stocks Feel the Pinch as Rally Stutters on Earnings, Trade

Tuesday, 29 January 2019 16:23 WIB

MSCI Asia PacificSaham AsiaBursa Asia


Asian shares pared most of their 0.8 percent decline, but the volatility shows how skittish the mood is. News that U.S. prosecutors filed criminal charges against Huawei Technologies Co. poured cold water on a region that recovered about $1.6 trillion in equity values since a December low.

Adding to that, Caterpillar Inc. and Nvidia Corp. blamed a slowdown in Chinese demand for disappointing results, just as early data suggest the Chinese economy slowed for an eighth month in January.

MSCI Asia Pacific Index down 0.2%.

Source : Bloomberg


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