Asian shares steadied on Thursday on news that U.S. President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak U.S. and Chinese economic data.
MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, with both Australia and South Korea little changed.
Japan’s Nikkei fell 0.6%, with banks hurt by weak earnings.
On Wednesday, Wall Street shares extended their rebound, with the S&P 500 gaining 0.58% and the MSCI’s broadest gauge of world stocks bouncing back from a two-month low hit on Tuesday.
Source : Reuters