Asian shares stepped back from eight-month highs on Wednesday as the IMF lowered its global growth outlook and as tensions over tariffs between the United States and Europe escalated.
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.1 percent, a day after it hit eight-month highs while Japan’s Nikkei lost 0.9 percent.
On Wall Street, the S&P 500 gave up 0.61 percent and the Nasdaq Composite declined 0.56 percent.
MSCI’s broadest gauge of the world’s stock markets dipped 0.1 percent on Wednesday from Tuesday’s six-month peak but it is still almost up 19 percent from its low marked in December, which was its lowest level in almost two years.
Source : Reuters