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Asia shares ease as doubts emerge over Sino-US trade war truce

Updated : December 04, 2018 08:19 AM IST

The temporary freeze on further hostilities in the trade war between the United States and China had sparked a global rally in equity markets on Monday, pushing MSCI's all-country world index up 1.3 percent.
Overnight, the Dow Jones Industrial Average closed 1.13 percent higher, the S&P 500 gained 1.09 percent and the Nasdaq Composite added 1.51 percent.
In contrast to the retreat in equity markets, oil prices continued to rise on Tuesday after surging 4 percent the day before on the US-China trade truce, and ahead of a key OPEC meeting that is expected to lead to supply cuts.

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