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Asia shares inch up, cautious on Sino-US trade talks

Updated : August 20, 2018 08:15 AM IST

Investors had been encouraged by news China and the United States will hold lower-level trade talks this month, offering hope that they might resolve an escalating tariff war.
Helping the general mood was a steadying in the Turkish lira, which was holding at 5.9800 per dollar early on Monday.
The prospect of yet higher US rates had been underpinning the dollar, though the currency took a knock on Friday as risk appetite improved just a little.
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