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Asian shares reverse early gains, eyes on China-U.S. trade relations

Byindianadmin

May 25, 2020 #relations, #trade
Asian shares reverse early gains, eyes on China-U.S. trade relations

SYDNEY (Reuters) – A gauge of Asian stocks pared early gains on Monday in the middle of souring relations in between China and the United States, with Hong Kong shares extending losses on installing fears about future stability in the city.

FILE PHOTO: A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), strolls in front of a stock quote board outside a brokerage in Tokyo, Japan, March 10,2020 REUTERS/Stoyan Nenov

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.1?ter starting greater with China’s blue-chip CSI300 index down 0.2%.

Hong Kong’s HSI index dived 1.4%to a two-month low after sinking 5.5%on Friday.

South Korea, Australia and New Zealand were trading higher while E-minis for S&P500 were also slightly positive.

Japan’s Nikkei jumped 1.5?ter the Nikkei paper reported the country was considering a fresh stimulus package worth over $929 billion that will consist mainly of financial assistance programmes for business hit by the coronavirus pandemic.

Analysts anticipate overall trading to be controlled with U.S. and British

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